The Independent Insurance Agents & Brokers of America is supporting a bill that would clarify that agent compensation is not part of the medical loss ratios formula as enacted in the health care overhaul law.According to the IIABA, the Access to Professional Health Insurance Advisors Act, sponsored by Representatives Mike Rogers of Michigan and John Barrow of Georgia, specifically excludes agent compensation from the MLR formula and clarifies that agent compensation is not an insurance company administrative expense.The Patient Protection and Affordable Care Act’s medical loss ratio ...
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