Another Reason Why "free" Won't Work.

[ins.dave]

Female 57
5' 180
Tobacco

Has C.O.P.D.
I lay no blame here because, without judging or putting her down, I believe this person to be of limited capacity.
She of course sees no reason for us to look at health coverage for her healthy husband.
How easy do we want to make things for such a person? And where would the money to provide unlimited healthcare access for these people, who are legion, come from to do so?
Having spoken to more than one fellow agent, I don't think most people truly appreciate the breath and potential ramifications of socialized or "free" healthcare.
Whether we see MLR reversed and a return to our previous levels of compensation; I can't say, but I'll bet the ranch that this will not be Canada, which is becoming more privatized, anytime soon.

 

[davidleekline]

If MLR is reversed, insurance carriers will not return us to the days of old. That horse has left the barn never to return.

 

[somarco]

She of course sees no reason for us to look at health coverage for her healthy husband.

Naturally.

Only the sick, the lame, etc. NEED health insurance.

Canada and NHS are considering adding private options. So while they are running away from socialized health insurance we are embracing it.

Makes sense.

 

[ins.dave]

If MLR is reversed, insurance carriers will not return us to the days of old. That horse has left the barn never to return.

Completely dependent on whether or not one of the leading carriers believes, and successfully tries to stimulate sales activity by way of a percentage raise.
Then, other carriers will follow suit.
20 and 5 wasn't etched in a tablet and presented to Moses on the mountain. As stated earlier, the only reason contracts are offered is because a good sales person sells?

 

[xrac]

Legions of health agents are going to drop out and sales will decline. If MLR is reversed over time I would predict that you would see some increased commission but it will be a slow process.

 

[taterpeeler]

Legions of health agents are going to drop out and sales will decline. If MLR is reversed overtime I would predict that you would see some increased commission but it will be a slow process.

I agree with you 100000% it will take time but they will move up a bit... back to 22% from the major players... mabye not but close

 

[djs]

Legions of health agents are going to drop out and sales will decline. If MLR is reversed over time I would predict that you would see some increased commission but it will be a slow process.

Maybe, but I wouldn't write a business model on commissions increasing any time soon.

If any form of the exchanges come into play, I doubt you'll see any increase. Carriers will have to solve the problems that agents solved, but they will have to solve them via online models.

I figure you have about a year and a half till the Supreme Court rules on the health care legislation, which will be perhaps the first time carriers will feel some relief from MLR. I wouldn't put money on the Supreme Court overturning this part of the legislation though.

If Congress things this will be overturned, they will start hobbling together some new health care legislation that will likely include something similar to MLR (albeit maybe a bit less restrictive) and the carriers still won't raise commissions.

My crystal ball says production bonuses will be the way of the future. You'll probably do pretty well if you can achieve a certain level of production, but without it, say goodbye to making a living.

Dan

 

[somarco]

Carriers will have to solve the problems that agents solved, but they will have to solve them via online models.

If online, DIY models worked that well we would have been put out of business long ago.

But they don't . . .