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Headline : Rogue ACA insurance agents could face criminal charges under a proposed law

Read more from the original article on here at www.npr.org.






Tags : #rogue #aca #insurance #agents #could #face #criminal #charges #under #proposed #law



No. of Paragraph 26

Health insurance agents who fraudulently enroll consumers in Affordable Care Act health plans could be subject to criminal charges โ€” and civil penalties of $10,000 to $200,000 โ€” under legislation introduced Wednesday by Sen. Ron Wyden, D-Ore., chairman of the powerful Senate Finance Committee.

Wyden first promised the bill in May, when he called on federal regulators to do more to combat sketchy Obamacare enrollment schemes. Often, consumers who are targeted donโ€™t know theyโ€™ve been enrolled or that their coverage has been switched to a new plan until they lose access to preferred doctors, learn they have different deductibles, or find they owe taxes for ACA insurance premium subsidies.

The schemes exploit the federal health insurance enrollment system, which requires only minimal proof of identity โ€” a name, birth date, and state โ€” for a broker to create or access an account. The lure is monthly commissions paid by insurance companies โ€” amounts that are about $25 per person and can add up when multiplied across transactions.

โ€œIt is critical for these bad actors to be held criminally responsible and implement common sense consumer protections so working families can confidently purchase quality, affordable health insurance that works for them through honest brokers,โ€ Wyden said in a statement.

Read more from the original article on here at www.npr.org.


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