#1
What is the primary purpose of the Affordable Care Act (ACA)?
To regulate private insurance, expand Medicaid, and provide subsidies for insurance premiums
ExplanationACA aims to regulate insurance practices, increase Medicaid coverage, and offer subsidies for premiums.
#2
Which U.S. president signed the Affordable Care Act (ACA) into law?
Barack Obama
ExplanationPresident Barack Obama signed the ACA into law in 2010.
#3
What is the purpose of Medicaid in the United States?
To provide health insurance for low-income individuals and families
ExplanationMedicaid offers health coverage to eligible low-income individuals and families.
#4
What is the purpose of the Health Insurance Marketplace established by the Affordable Care Act (ACA)?
To provide a platform for individuals and small businesses to compare and purchase health insurance plans
ExplanationThe Marketplace facilitates the purchase of health insurance plans.
#5
What is the primary source of funding for Medicare?
Payroll taxes
ExplanationMedicare is primarily funded through payroll taxes.
#6
Which piece of legislation introduced the concept of 'individual mandate' in U.S. health insurance?
Affordable Care Act (ACA)
ExplanationACA introduced the requirement for individuals to have health insurance coverage or face a penalty.
#7
What does COBRA stand for in the context of health insurance?
Consolidated Omnibus Budget Reconciliation Act
ExplanationCOBRA allows employees to continue health coverage after leaving employment.
#8
What does the acronym 'CHIP' stand for in the context of U.S. healthcare?
Children's Health Insurance Program
ExplanationCHIP provides health coverage to children in low-income families who do not qualify for Medicaid.
#9
What is the main purpose of the Medical Loss Ratio (MLR) provision of the Affordable Care Act (ACA)?
To limit overhead and profits of insurance companies
ExplanationMLR ensures a certain percentage of premium revenue is spent on medical care.
#10
Which of the following is NOT a component of Medicare?
Part E: Long-Term Care Insurance
ExplanationMedicare parts include A, B, C, and D, covering various medical services but not long-term care under Part E.
#11
Which of the following is NOT a type of private health insurance plan in the United States?
Medicare
ExplanationMedicare is a federal program providing health coverage for seniors and certain disabled individuals.
#12
Which of the following is NOT a feature of a Health Savings Account (HSA)?
Employer-sponsored
ExplanationHSAs are owned by individuals, not tied to employment.
#13
Which of the following statements about the Individual Mandate under the Affordable Care Act (ACA) is true?
It requires all individuals to purchase health insurance or face a penalty
ExplanationThe mandate obligates individuals to have health insurance or pay a penalty.