NU Online News Service, Dec. 30, 10:52 a.m. EST
WASHINGTON–Insurance agents and brokers should focus on the medical loss ratio in the healthcare reform legislation because it will determine their future commissions, a healthcare law and policy expert says.
Bruce Fried, a partner in the Washington, D.C. office of Sonnenschein Nath & Rosenthal LLP, said the Senate version of the bill sets limits on the medical loss ratio. That in turn means insures will have to reduce administrative costs and one place they will do that is by squeezing commissions.
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