A broker-friendly bill to combat the financial impact of the medical loss ratio requirements contained in the Affordable Care Act was filed in the U.S. House of Representatives Wednesday. A bi-partisan team of Representatives Mike Rogers (R-Mich.) and John Barrow (D-Ga.) are sponsoring the Access to Professional Health Insurance Advisors Act of 2013, known as the MLR bill, in an effort to relieve compensation restraints for health insurance brokers and agents. The bill has yet to receive a number.
“As far as movement of the bill, we need 218 votes to pass and had more than that in sponsors last year,” says Ryan Young, senior director of federal government affairs for the Independent Insurance Agents & Brokers of America known as Big “I.” The previous version in the 112th Congress, H.R.1206, had 221 co-sponsors but did not make it to a floor vote due to a poor score by the Congressional Budget Office, according to Young.
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