U.S. Senator Mary L. Landrieu, D-La., chair of the Senate Committee on Small Business and Entrepreneurship, and Sen. Johnny Isakson, R-Ga., have introduced S. 2068, the Access to Independent Health Insurance Advisors Act, a companion bill and a shot in the arm for a medical loss ratio bill in the House that has many supporters but has gained no traction.
This legislation addresses that provision of the Affordable Care Act (ACA) known as the medical loss ratio (MLR) that many feel has squeezed the livelihood of agents and brokers by excluding their commissions from the healthcare, quality and care portion of the ratio.
“Millions of individuals and small businesses depend on licensed agents and brokers to help them navigate the health care marketplace and find health plans that suit their needs and budgets,” Janet Trautwein, CEO of NAHU said. “The Access to Independent Health Insurance Advisors Act of 2012 ensures that health insurance agents and brokers will continue to be able to assist consumers find appropriate health insurance coverage, as well as use that coverage most effectively once it is purchased.”
"We’re grateful for the senators who have introduced the legislation and urge its passage by the Senate," a CIAB representative stated.