In an environment where jobs are hard to find, the Obama administration has thrown more than 100,000 health insurance agents and brokers under the bus and given them the gift of an unemployment line just before the holidays. To make matters worse, a large number of insurance agents, known in the trade as producers, are self-employed and under the prevailing laws may have difficulty receiving unemployment insurance.
It all stems from the Patient Protection and Affordable Care Act (PPACA), known colloquially as Obamacare. PPACA dictates [price controls for insurers including commission payments]... Insurance agents were recently able to get backing from National Association of Insurance Commissioners (NAIC) to exclude their commissions from [these price controls].
...Led by National Association of Health Underwriters (NAHU), which claims to represent 100,000 health insurance agents, brokers, and related professionals, the Obama administration was lobbied hard to provide relief to insurance agents. The hope of the insurance agents had risen because of the recent backing by the National Association of Insurance Commissioners.
In a recent ruling, the Department of Health and Human Services dashed all hopes.
Merrrrrrrrrrryyyy Christmas!
Oh, and as an added bonus, the president's decision to delay the gigantic Keystone XL pipeline not only prevents the creation of 20,000 jobs in 2012, it is already costing jobs today.
"Layoffs and a brief company shutdown is what employees face at Welspun Tubular Company, which makes steel pipes for the oil industry."
Rest assured, citizen, that the the president will not rest until every American has a job. That is, while he enjoys his 37 Christmas trees in the White House, prior to leaving this weekend for a 17-day Hawaiian vacation.
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