Which of the Following Statements Is True of Health Care

question 21

Multiple Choice

Which of the following statements is true of health care costs? (Health-Care Coverage and Costs)

• A)Many private-sector companies require employees to contribute a portion of health-care premiums because of their considerable cost.
• B)The premiums for fully insured plans is likely to decrease.
• C)The highest paid workers contribute the most towards the cost of their health insurance.
• D)Employees contributed 42% of the cost for single coverage and 62% for family coverage.

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Definitions:

Great Society Programs

A set of domestic programs launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

Economic Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Vietnam War

The Vietnam War was a prolonged conflict (1955-1975) between communist forces in North Vietnam and non-communist forces in South Vietnam, with significant involvement from the United States.

Deindustrialization

The process of social and economic change caused by the removal or reduction of industrial activity, especially in manufacturing sectors, in a region or country.