Dave Jones Weighs In on Insurance Broker Issue
During a conference call with members of the National Association of Insurance Commissioners on Tuesday, California Insurance Commissioner Dave Jones (D) said the aggregate insurance broker compensation at four of the five largest health insurers in the state has risen from $5.8 million in 2000 to $168 million in 2010. However, he said that similar data have not been compiled by other states, noting that such information could be useful as NAIC determines its position onÂ federal legislation (HR 1206) that brokers say could protect their jobs. Jones was the only committee member to vote against moving forward on an internal NAIC report that looked at ways to address broker commissions.
- "California Insurance Commissioner Wades Into Insurance Broker Fight" (Norman, CQ HealthBeat, 6/7).
- "NAIC Approves Broker Study" (Nocera et al., "Pulse," Politico, 6/8).