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News Story
Posted by Mark Reback
Score one for the health insurance brokers in their fight to avoid going the way of buggy-whip manufacturers. A task force of the National Association of Insurance Commissioners voted Thursday to endorse legislation that would effectively spare their commissions from being counted as administrative costs. And consumer groups aren't happy...
News Release
Posted by Carmen Balber
Washington, DC -- With no public discussion and on a voice vote, a task force of state insurance regulators with the National Association of Insurance Commissioners (NAIC) voted to endorse legislation that would cost consumers billions in higher health insurance premiums and lost rebates under the federal health reform law. Consumer Watchdog...
Blog Post
Posted by Judy Dugan
Health insurance companies aren't the only ones that raked in the dough as insurance premiums rose 138% over the last decade. Health insurance brokers, who get their pay as sales commissions from insurance companies, made out like bandits, too. A recent California Department of Insurance survey of four of the five top insurers in the state...
News Story
Posted by Mark Reback
California's health insurance regulations -- aligned this year with federal guidelines -- include a requirement that insurers spend at least 80% of their premium revenue on direct patient care. However, efforts to change provisions of the federal Patient Protection and Affordable Care Act could have an effect on how California insurers...