The U.S. House Energy and Commerce Committee Thursday passed a bill that would exclude compensation paid for licensed independent insurance producers from the premium portion of the medical loss ratio calculation.
H.R. 1206, the Access to Professional Health Insurance Advisors Act of 2011, seeks to counteract what many brokers see as a large negative of the Patient Protection and Affordable Care Act – the MLR provision, which, says the National Association of Health Underwriters, is “having a devastating financial impact on the country’s approximately half-million licensed professional health insurance agents and brokers, their employees and millions of their employer and individual clients.”
