There is no question that the Supreme Court upholding the Patient Protection and Affordable Care Act in a 5-4 ruling has solidified, for now, the change in the country’s health care market that took form when President Barack Obama signed the legislation into law in March 2010.
And while many brokers are concerned over lost commissions, primarily as a result of the law’s medical loss ratio provision – which requires that only 15%-20% of insurance plan costs be spent on administrative function – industry observers say in the short-term, now more than ever, brokers can prove they are a needed asset to employers for the long run.
