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This article from life and health insurance news was posted in a separate thread but the good stuff was on page 2 and appears to have been overlooked.
Here's an excerpt of the good stuff:
"Insurance agents and brokers have argued that producer commissions should be left out of MLR calculations. Customers are the ones who really pay the commissions, and insurers collect the commissions as a convenience to customers, producers say.
[Iowa Ins. Comm. Susan] Voss said she believes that agent commissions should be included in the amount of premiums reserved for medical expenses. Commissions on sales of health insurance policies “don’t go to the bottom line” of health insurers, but instead are fees paid by health insurers only to reimburse agents for the services they provide, Voss said.
Rep. Mike Rogers, R-Mich., is expected to introduce a bill exempting producer commissions from MLR calculations with bipartisan support in coming weeks. Rogers talked about his work on the MLR issue at the closing session of the NAHU conference."
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Howdy. Doody.
This is HUGE.
Here's an excerpt of the good stuff:
"Insurance agents and brokers have argued that producer commissions should be left out of MLR calculations. Customers are the ones who really pay the commissions, and insurers collect the commissions as a convenience to customers, producers say.
[Iowa Ins. Comm. Susan] Voss said she believes that agent commissions should be included in the amount of premiums reserved for medical expenses. Commissions on sales of health insurance policies “don’t go to the bottom line” of health insurers, but instead are fees paid by health insurers only to reimburse agents for the services they provide, Voss said.
Rep. Mike Rogers, R-Mich., is expected to introduce a bill exempting producer commissions from MLR calculations with bipartisan support in coming weeks. Rogers talked about his work on the MLR issue at the closing session of the NAHU conference."
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Howdy. Doody.
This is HUGE.