United Health Care Cuts Agents Throats
- Thread starter Joe H
- Start date
- 15,319
Actually, it has everything to do with capitalism. The govt. holds the purse strings and keeps insurance companies from competing fairly, as they would in a real capitalistic society.
Rick
Rick
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- 3,352
AL3: Are you and me maybe in agreement here? Do we have a date on the love boat?
- 15,319
- 11,997
Bingo! I think that with the most recent changes to the Medicare Advantage program carriers are deciding that in some areas it's commissions as usual, in some areas they're completely closing shop, and in others they realize they're profitable or at least sustainable if they can save some cash by not paying commissions on their enrollments. Another reason why companies will do that is to let the risk pool clear up a bit if they've had some adverse selection, but at the end of the day even the carriers with the best intentions (not claiming that UHC is one) get knocked sideways with changes the government is mandating and it forces them to do things they wouldn't have otherwise. I think congress is a terrible business partner.
- 3,352
Video? Not a chance Rick. I won't go that far with AL3.
- 1,704
If memory serves me right last few years commissions were reduced in certain counties nationwide. I want to name Universal American and Coventry as some of the offenders.
Anyone remember that? The point being this is an unstable product in sooo many ways.
Don't hitch your star to this wagon!
Anyone remember that? The point being this is an unstable product in sooo many ways.
Don't hitch your star to this wagon!
- 19,650
Indeed they did. Pryamid had a 50% commission reduction in the most populous county near me. They had a 75% reduction in some counties. In that same 50% reduction county, Wellcare was paying $240 vs $400 elsewhere.
I am so glad to be out of that market.
