Will Obamacare Lead to Fewer Health Insurance Agents and Brokers (a.k.a. “Producers”)?

  • Yes because it no longer is financially sustainable

    Many of us enjoy our job. Love our long term clients. We believe in finding the best policy to fit our clients needs. Most agents have no desire to steer their clients into a policy based on commission which is a recepie for disaster and is unethical. Compensation in many cases is now 0%. The work load includes things that go way beyond the scope of typical duties. We are now dealing with, tax issues, document issues , long hold times, correcting carrier and Marketplace errors, and a whole world of issues where no one seems to be accountable. Frustration and not having a voice is what is turning many agents away besides the fact that in this world no one can work for free and survive. Many agents do not trust the companies because the contracts are written in a way that they can change them at will without notice. These kind of uncertainties are driving many away from the business. Even if the companies decide to resume compensation in 2017 the trust level is so low many agents will not come back. The demands on their time is too great and not with it .

  • They will mostly go the way of travel agents.

    Yes. With the advent of Obamacare (can we please start calling it Affordable Care Act?) there's not going to be as great of a need for health insurance agents and brokers as there once was. There will be a very lucrative market for professionals in that industry who can provide more specialized skills in navigating the health marketplaces.

  • Yes, because the costs are higher.

    Yes, Obamacare will lead to fewer health insurance agents and brokers, because the cost of doing business is higher. Obamacare limited the amount of an insurance premium that can be spent on administrative costs. Being the case, if a company cannot minimize their administrative costs, they cannot enter the market. This could mean disaster for customer service.

  • Obamacare will lead to fewer health insurance agents and brokers

    Obamacare will lead to fewer health insurance agents and brokers. This is because of the fact that there will be much less need for a wide and vast array of health insurance agents and brokers due to the policies and implications that obamacare has. This is why it will lead to less producers.

  • Yes, there will be fewer middle men.

    The Affordable Care Act may put more insurance brokers and insurance agents out of business, due to the consolidated health care market interface, but I do not look at this as a negative. Many insurance agents are like sharks, trying to sell bad deals to people that don't know better.

  • Fewer Health Insurance Agents and Brokers Due to Fear

    Yes, I believe that the Affordable Care Act (Obamacare) will lead to fewer health insurance agents and brokers (a.k.a "producers") at first because they are scared about how many people will actually enroll in new insurance. I believe that if the first year of the Affordable Care Act goes well, more and more producers will join in.

  • Obamacare Will Create Jobs

    I do not believe Obamacare will lead to fewer health insurance agents or brokers. Locally, Blue Cross and Blue Shield has been on a hiring rampage. Obamacare is creating many new jobs in the health insurance industry because these companies have more customers now, than ever before. This is one of the only good points to Obamacare.

  • The Obama Care Will Lead To More Agents And Brokers

    The supporting argument here is that the Obama Care will lead to even more Agents and Brokers. The reason is because more people will have an opportunity to sign up for health care and they will be able to do so through Insurance Agents that work through the Obama Care Health Care.

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