Agents celebrate over MLR vote by state commissioner

The National Association of Insurance Commissioners (NAIC) has recommended that states vote for legislation that will provide insurance brokers and agents with protection for their commissions from the medical loss ratio (MLR) of the new federal healthcare law’s expense cap which has been applied to medical insurers. The NAIC advisors task force for health insurance voted to support H.R. 1206, which has been called the Professional Health Insurance Advisors Act of 2011. Rep. Mike Rogers (R-Mich) introduced this Act in Congress. The Patient Protection and Affordable Care Act within the…

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