There is however some profound anticipation for

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Unformatted text preview: nd anticipation for improvement in 2012 as historically the economy picks up in an election year. The employee benefits industry continues to prepare for the ultimate implementation of Patient Protection and Affordable Care Act (PPACA) in 2014. (For additional information on healthcare, see the Healthcare Services section on page 75.) In 2011, insurers are still reeling from the implementation of minimum medical loss ratios, which require health insurers to spend minimum levels of premium dollars on medical services. These levels are currently set at 85% for large employers and 80% for individual and small group plans. This mandate affects how health plans account for the nonclinical, or fixed, costs embedded in premium dollars. The most significant modification felt by agents and brokers is the dramatic change in the amount and methods by which commission is paid on health insurance policies. The industry continues to wait for the Supreme Court to determine if the mandate requiring every individual to purchase health coverage is constitutional. At the local level, the Colora...
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