HEALTH CARE REFORM REPERCUSSIONS HIT AGENTS by ProQuest

VIEWS: 16 PAGES: 4

The implementation of the "Patient Protection and Affordable Care Act" is proving to have an impact on insurance producers' operations, even outside the sale of health insurance. On Aug 11, 2010, the Independent Insurance Agents and Brokers of America sent a letter to congressional leaders advocating for the repeal of provisions of the act that will expand tax accounting requirements for businesses. During the extended negotiations that resulted in passage of the act, opponents of health care reform legislation charged that the program was not paid for, so proponents included provisions to expand required use of Form 1099 for vendor transactions. In another area related to the Patient Protection and Affordable Care Act, the National Association of Insurance Commissioners adopted a resolution concerning "navigators" that are empowered to engage in "public education" efforts. Cutting costs associated with health care financing transactions will become all the more important when the Medical Loss Ratio provisions of P.L. 111-148 go into effect.

More Info
To top