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Legislation could exclude insurance agents from medical loss ratio provision of the Affordable Care Act
Written on:February 7, 2012
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Two U.S. senators have drafted a new legislation that would exclude insurance agencies from the medical loss ratio provision of the Affordable Care Act. The provision requires insurers to spend no less than 80% of the money they collect from premiums on improving medical care. The provision would have dire implications for agents as it includes the money they collect from commissions. Senators Mary Landrieu, D-La., and Johnny Isakson, R-Ga.,…
Read more...In category: Health Care Reform, Health Coverage, Latest News, News, News for Agents, Political News
Tags:Affordable Care Act , agent compensations , exclude insurance agencies , Health Care Reform , health care reform news , health insurance , health insurance agent compensations , health insurance agent role in health care reform , health insurance agents , Independent insurance agents , Independent Insurance Agents & Brokers of America , insurance agents , insurance agents commissions , insurance agents will not be held liable for the medical loss ratio provision , Johnny Isakson , medical loss ratio provision , Senators Mary Landrieu , us House of Representatives , what is medical loss ratio mean
Tags:Affordable Care Act , agent compensations , exclude insurance agencies , Health Care Reform , health care reform news , health insurance , health insurance agent compensations , health insurance agent role in health care reform , health insurance agents , Independent insurance agents , Independent Insurance Agents & Brokers of America , insurance agents , insurance agents commissions , insurance agents will not be held liable for the medical loss ratio provision , Johnny Isakson , medical loss ratio provision , Senators Mary Landrieu , us House of Representatives , what is medical loss ratio mean
