MLR bill passes House Energy & Commerce Committee
News from LifeHealthPro:

Rep. Mike Rogers, R-Mich. (AP Photos/Manuel Balce Ceneta)

Legislation that would exempt agent commissions from the medical loss ratio (MLR) calculation mandated under the health care reform law passed a House committee today.

The bill is H.R. 1206. It is sponsored by Rep. Mike Rogers, R-Mich., and Rep. John Barrow, D-Ga. It was introduced last March.

The bill was passed by voice vote by the House Energy and Commerce Committee (E&C). The vote was 26-14.

However, given that both the House and Senate will recess Friday until after the November election, final action is unlikely before late fall.

And, the legislation is controversial and while it could pass the House, its future in the more evenly-divided Senate is problematic, according to analysts at Washington Analysis.

The bill has strong support within the agent community, with the Independent Insurance Agents and Brokers of America (IIABA), the National Association of Insurance and Financial Advisors (NAIFA) and the National Association of Health Underwriters (NAHU) all voicing strong support.

However, Charles E. Symington, senior vice president for government affairs for the IIABA, acknowledged in a statement that the “the window of oppor…………… continues on LifeHealthPro

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