How Will Obamacare Affect You? Find Out Tonight at Elmhurst College

Insurance expert will discuss federal health care law Wednesday at Elmhurst College

The Patient Protection and Affordable Care Act, also known as Obamacare, has a lot of people scratching their heads, wondering how it is going to affect their bottom line.

How does the law affect you? Find out at 7 p.m. Wednesday, Jan. 16, when insurance expert E. Byron Spencer will present New Healthcare Law Basics, at the Mill Theatre, 253 Walter St., on the Elmhurst College campus. The event is free and open to the public.

In this overview of the Patient Protection and Affordable Care Act, Spencer will discuss what parts of the health care law already have been implemented, their impact so far, and what experts are predicting as the law is fully implemented.  

Spencer has more than 35 years of experience in business and personal insurance, including 10 years managing a large commercial carrier's association division with $650 million in premiums. In 1988, along with Paul Norman, he purchased the Hiatt Agency and formed Norman-Spencer, Inc. Spencer remains NSI's president and also serves as CEO of Norman-Spencer International, a commercial property and casualty insurance services firm based in Lombard.

Source: Elmhurst College

Shep February 04, 2013 at 08:51 PM
In fact, in 2011, 1,267,320 people with Medicare JUST in Illinois received free preventive services – such as mammograms and colonoscopies – or a free annual wellness visit with their doctor. And in the first nine months of 2012, 996,807 people with Medicare received free preventive services. You see, if we can treat folks before they're ill we'll bring down costs AND save lives. And efforts to decrease waste are also working as illustrated by the Health Care Fraud and Abuse Control Program's report released last Feb. which showed that in 2011, the government’s health care fraud prevention and enforcement efforts recovered nearly $4.1 BILLION in taxpayer dollars in Fiscal Year 2011. This is the highest annual amount ever recovered from individuals and companies who attempted to defraud seniors and taxpayers or who sought payments to which they were not entitled. To be clear, this also means that approximately $4.1 billion was recovered and returned to the Medicare Trust Funds, the Treasury and others in FY 2011. This is an unprecedented achievement. As to your "hidden tax" argument: we're already paying "hidden taxes" by way of increased rates and premiums to cover the cost of uninsured Americans. Are you OK with paying for the "free lunch" (e.g. the hospital/medical bills) of the uninsured now. Doubt it.
Jim R February 04, 2013 at 08:53 PM
"what does that make one who cannot construct a sentence in proper English? "=Shep The answer would be ignorant or sloppy, not stupid. Let me try once more. Money saved in Medicare waste is Medicare money not Obamacare money. He is stealing from medicare to pay for a bureaucraitc mess. Here is another example of what we are facing "Report: Obamacare to Cost Waterford Taxpayers $420k in 2014 " http://waterford.patch.com/articles/report-obamacare-to-cost-waterford-taxpayers-420k-in-2014
Shep February 04, 2013 at 08:59 PM
Definition of 'ignorant' (Dictionary.com): "Lacking knowledge or awareness in general; uneducated or unsophisticated." Alrighty, have it your way...Cheers!
Jim R February 04, 2013 at 09:41 PM
In my case it would be sloppy as I know better and did not spend sufficient time writing.
Shep February 04, 2013 at 10:17 PM
...and no offense intended on my part, Jim. I respect your right to say your piece. Just disagree on the "facts"...


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