NU Online News Service, Dec. 2, 3:08 p.m. EST
The National Association of Insurance Commissioners’ request for an exemption from the medical loss ratio provisions of the healthcare reform law for insurance agents has been rejected.
Dodge said the lack of an exemption has caused insurance companies to reduce the compensation they pay to their agents and brokers. Consequently, Dodge said, insurance producers are finding that it might not make business sense for them to participate in the health insurance market.
He said this "deprives consumers and businesses of the expert advice they need to make informed decisions." He noted the NAIC resolution, adding "We continue to urge Congress and HHS to do just that."