Image: H. Michael Karshis under CC 3.0
In many states, regulators fear that health insurance brokers are falling by the wayside. The healthcare reform law passed this year requires that a certain percentage of premiums be spent on providing medical care, as opposed to being spent on administrative costs.
Some consider brokers as middlemen, standing in the way of affordable health insurance by creating yet another level of bureaucracy. However, they can help people navigate the confusing variety of plans available and shop around–although that purpose may become irrelevant once states get their own health insurance exchanges up and running.
In addition, many brokers may end up out of work if they cannot adapt to the changes in the market and regulatory environment.