I speak, of course, of this:
This from John Molina, CFO of Molina Health Care. Conspicuously missing (as usual) is the statement that policyowner’s rates will be decreased to reflect the fact that agents aren’t being paid. That’s because they’re keeping this extra cash for themselves, with zero legal justification for doing so. Carriers’ cost of doing business is directly and positively affected, and yet they don’t have the corporate decency to acknowledge their greed.
To be fair, neither do any of the other carriers benefiting from this unethical sleight-of-hand, so there’s that.
Would be nice if our legislators (and DPI bureauweenies) actually did something about this.