NAIC Resolution Means Big Support for Agents
The National Association of Insurance Commissioners (NAIC) passed a resolution today in support of professional health insurance agents and brokers. The resolution urges the Department of Health and Human Services (HHS) and Congress to take action to preserve the role of professional health insurance agents and brokers as consumer advocates and advisors. The vote was 26 for, 20 against, with five commissioners abstaining.
This action means the commissioners recognize the “essential” role health insurance professionals play in protecting the health and financial well-being of Americans. It also draws attention to how the ill-advised medical loss ratio (MLR) measures prevent these licensed professionals from effectively assisting consumers in making educated decisions about their coverage needs.
The next step is to ensure HHS heeds this recommendation to “take whatever immediate actions are available to the Department to mitigate the adverse effects the MLR rule is having on the ability of insurance producers to serve the demands and needs of consumers and to more appropriately classify independent producer compensation in the final PPACA MLR rule.”
NAHU worked tirelessly to get this resolution passed, and we will continue to work with policymakers to continue resolving the MLR issue. NAHU also released this statement praising the NAIC’s action.
NAIC Resolution Means Big Support for Ag
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