One Provision of the Affordable Care Act Creates in Each

question 27

Multiple Choice

One provision of the Affordable Care Act creates in each state a transparent and competitive insurance marketplace where individuals and small firms can purchase affordable and qualified health coverage.This marketplace is called a

• A)Medicaid plan.
• B)Medicare plan.
• C)Health Maintenance Organization (HMO).
• D)Health Insurance Marketplace.

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Definitions:

Benefits-Received Principle

The concept that those who benefit from public goods and services should bear the costs of providing them, in proportion to the benefit received.

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount increases, placing a higher burden on wealthier individuals.

National Parks

Protected areas of natural beauty and significance, managed by governments for conservational purposes and public enjoyment.

Economic Income

The total value of all earnings received over a period, including wages, profits, rents, and any gains from the sale or appreciation of assets.