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Side effects: Half of brokers
consider leaving post-Obamacare

Puget Sound Business Journal [WA], by Valerie Bauman

Original Article

Posted By:Pluperfect, 7/8/2014 10:49:56 AM

Nearly half of insurance brokers polled nationally have considered leaving the industry in the wake of the Affordable Care Act (ACA) – meanwhile, employers say they need them more than ever before, according to a report by Aflac. A potential exodus of brokers could make it more difficult for large and small businesses to lose that expertise just as things are getting really complicated. Brokers help companies give employees the best and most affordable coverage and insure they comply with the complexities of the ACA. Brokers have been on the front lines of the ACA changes that are forcing businesses, hospitals and

      


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Reply 1 - Posted by: radrelic, 7/8/2014 11:48:50 AM     (No. 9915202)

Gives new meaning to "white flight". Nelson Mandela was too smart and country-loving to kill or chase off the white businessmen and farm owners.

Tangled webs woven in America?

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Reply 2 - Posted by: varkdriver, 7/8/2014 12:24:23 PM     (No. 9915249)

All going exactly according to the plan.

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Reply 3 - Posted by: Udanja99, 7/8/2014 1:32:57 PM     (No. 9915363)

#1 reminds me...I was speaking to a woman from South Africa yesterday who is now a US legal citizen. Her parents are 3rd generation white farmers in SA. For years they have hired and payed their black neighbors to help work their farm. The government has just taken half of their land and given it to the black neighbors and are forcing her parents to pay the neighbors to work the land even though they no longer own it. They also must pay the other expenses of farming that land, equipment, seed, fuel, etc.

I asked if her parents would be willing it immigrate to America and she said that she had looked into it, but in order to sponsor her parents she needed to have $1 million readily available in a bank account. Which, of course, she has no ability to do. I told her that she should fly them to Mexico and let them walk across the border.

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Reply 4 - Posted by: ColonialAmerican1623, 7/8/2014 11:36:28 PM     (No. 9916116)

That´s a real fluff piece and not totally accurate.

When they decided that 85% percent of your health insurance premium had to go towards your healthcare, agents were screwed out of commissions. Commissions went down in some cases to $1.50 per subscriber (employees, not families). If you sold to mom and pop businesses, it didn´t pay for the gas to drive there to enroll. That business could be paying over $5k a month while you collect $7.50 in commission.

As far back as two years ago, thousands of agents gave up their license.

AFLAC is always looking for agents. They have so many they are crawling over each other and employers are sick of them. However, they pay good commissions in advance, so those wanting to stay in business flock to AFLAC.

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