Compliance

09:03 AM
Kathy Burger
Kathy Burger
Slideshows
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

The Supreme Court Rules on the Affordable Care Act: What It Could Mean for Insurers

The Supreme Court’s five-to-four ruling that the Affordable Care Act’s individual mandate provision is constitutional because it is a tax is having many immediate consequences. It surprised many observers, positioned Chief Justice John Roberts as one of the most influential Chief Justices in history, gave President Obama a victory, and inspired Mitt Romney and other Republicans to declare they would overturn the legislation. But what will be the long-term impact? Here are opinions, r
Previous
8 of 9
Next


8. The Law Hurts Agents & Small Insurers

The PPACA's MLR [medical loss ratio] provisions threaten the livelihoods of health agents and brokers and establish perverse incentives that make it challenging for smaller insurers to enter the marketplace. These MLR requirements have produced cuts in agent compensation of up to 50 percent in some areas of the country and made it a challenge for many agents to maintain the level of customer service and quality of advocacy traditionally provided at a time when such assistance is needed more than ever.

— Charles Symington, SVP of government affairs, Big "I"

Source: Independent Insurance Agents and Brokers of America (Big "I")

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

Previous
8 of 9
Next
Comment  | 
Print  | 
More Insights
Register for Insurance & Technology Newsletters
White Papers
Current Issue
Insurance & Technology Digital Issue Oct. 27, 2014
Innovation? Check. Core modernization? Check. Security? Check. Today's insurance IT challenges don't stump this year's Elite 8.
Slideshows
Video