House Panel OKs Bill To Ax Brokers' Fees From Insurer Costs

Law360, New York (September 20, 2012, 5:10 PM EDT) -- The U.S. House of Representatives' Energy and Commerce Committee on Thursday passed along a bill aimed at preserving insurance brokers' jobs by excluding their fees from calculations under the health care law's minimum medical spending mandates — a move that would reduce rebates from health insurers to customers.

In a 26-14 vote, Republicans were able to move the legislation, H.R. 1206, to the full House for a vote. Supporters say the bill will help save the jobs of health insurance agents and brokers who they claim...
To view the full article, register now.