Wednesday highlighting the splashy incentives—from luxury vacations to cash bonuses—that private insurance companies offer agents and brokers for enrolling seniors in potentially higher-cost Medigap plans.supplemental health insurance offered by for-profit companies such as UnitedHealthcare, Humana, and Aetna.
Warren acknowledged that her report"may underestimate the prevalence of incentives and rewards in the Medigap insurance industry" given that insurers and third-party companies are often not transparent about their incentive practices., Warren lamented the weak federal and state regulations that are giving insurance giants"free rein to scam millions of seniors in Medigap, offering agents lavish vacations to steer unknowing beneficiaries into more expensive plans.
"Mutual of Omaha offered brokers and agents selling Medigap plans this year a chance to earn a 'Sunny San Diego trip' that included 'airfare, one double-occupancy standard hotel room, two hosted receptions, cash allowance, and airport transfers for two people,'" the report notes."Cigna is currently offering brokers and agents the chance to 'earn the sales reward trip of a lifetime' to St. Thomas, U.S.
SenWarren DNC is owned by Big Insurance she will do nothing
SenWarren Prolly only one reason that she wanted to eliminate private health insurance companies altogether!
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