Obama vs. Insurance

[CHUMPS FROM OXFORD]

So...Let's assume that four years from now, everything is GI.

People will still shop and we'll still have jobs. But what will the expected compensation be?

5% level? 7%? 3%? I already have started a contingent plan, but I could live with 7% level.

 

[Crabcake Johnny]

5% sounds on the mark. So if you wrote a million in premium you're at $50,000.

 

[mississippiagent]

There is a reason why goverment in set up the way it is...
one person was never suppost to make all the discusions athought we could go on and on about the control that he dose have.

 

[Winter_123]

So...Let's assume that four years from now, everything is GI.

Just as a side note, I think we have to be careful about thinking that 2013 is some kind of target date. That is a target date for a plan that includes a public option and provides time to set up all the infrastructure that goes with a public option. However, the public plan is not going to fly. When that reality sets in the reformers are going to ask: "okay how long would it take us to pass a bill mandating all plans to be GI and what would the implementation target be for that. No one knows but the answer is certainly going to be sooner than 2013. Is it going to be this year or before the fourth quarter of next year? No. Gets dicey after that.

That is my guess. Most likely I am wrong.

 

[moonlightandmargaritas]

There is a reason why goverment in set up the way it is...
one person was never suppost to make all the discusions athought we could go on and on about the control that he dose have.

Obama has a certain arrogance (probably because he's a lawyer) that pisses me off.

At last night's "news conference" (actually another "verbose opportunity" for Obama), a young gal asked him a question about his oft-stated comittment to transparency, and pointed out a couple of areas where it might be lacking.

He brushed it off like he was way above having to answer to anyone.
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People will still shop and we'll still have jobs. But what will the expected compensation be?

Not so sure there's gonna be any compensation for agents/brokers.

Democrats and Republicans alike (heard Republican rep Pat Ryan from WI) seem to be in love with the idea of the "Health Insurance Exchange".

It will be online, and there won't be an agent comp opportunity. Perhaps someone like ehealthinsurance.com, who already has the infrastructure built...

A "fee-based" opportunity? Very difficult.

 

[Crabcake Johnny]

Yes, that Obama promised that White House logs would be made available of insurance execs who have visited. Those logs are now not available and Obama blew it off with "but the press can take photos."

 

[TXINSURANCE]

John - you really think 5% is realistic in a GI environment?

Where's Winter? I can only assume agents in ME would kill for 5%??? Or am I off base.

 

[djs]

I'll go out on a limb here, since I have no idea what the future health policy will look like or what the premium will be.

I would like to see people have a choice and the agent get an 8-10% commission. Given other government run stuff, I doubt this will be how it works.

I'm sure people will have a few plans to choose from. Probably not a lot of variances between them, but we like choice. The agent, which will still exist, will be paid a flat fee for helping with the enrollment. My guess is that fee will be between $50 & $100 per enrollment, and then only if the person has not been enrolled previously.

Online enrollments will be available. Perhaps you can have an agent code to allow people to enroll as your client. Not sure, probably not.

You will have to attend a class to learn how to enroll individuals. I'm sure this was obvious, but just in case you hadn't thought about it.....

Dan

 

[moonlightandmargaritas]

you really think 5% is realistic in a GI environment?

It's gonna be the health insurance exchange man, the only realistic number is 0%.

 

[Crabcake Johnny]

As the bill is written? GI? No pre-ex waivers? Health exchange? M&M nailed it - commish = $0