Agents/Brokers Praise Bipartisan Bill That Excludes Commissions From MLR

Agent and broker lobbies applaud bipartisan Senate legislation that would alter the Affordable Care Act's medical loss ratio provision and counter the financial hit to their industry by removing commissions from ACA issuers' administrative costs. In recent years, several issuers have either cut or completely eliminated commissions for exchange products, harming industry and consumers, the agent and broker industries argue. The legislation, the Access to Independent Health Insurance Advisors Act, was introduced by Sens. Chris Coons (D-DE) and Johnny Isakson...