By August 1, health insurance companies had to issue rebate checks based on their medical loss ratio formulas. The MLR provision of PPACA requires 15% or 20% of expenses be spent on plan administrative costs. Big "I" CEO Robert Rusbuldt shares several points about the law.

* "It's ironic that the regulations are requiring more work by agents and brokers for less commission in many states and agencies. The notification provisions the searching of options for their clients, the work that's required now because health insurance is more complex. Despite what the law says, a lot of states are not following what the law requires. With brokers that sell across state lines now they have to know the regulatory provisions."

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