When the Patient Protection and Affordable Care Act Is Fully

question 49

Multiple Choice

When the Patient Protection and Affordable Care Act is fully implemented, it will

• A) substantially reduce the share of health care expenses paid by a third party.
• B) require individuals to pay an annual tax-penalty of up to $695 if they do not have an approved health insurance plan.
• C) require firms with fewer than 50 employees to provide health insurance for their workers.
• D) make it legal for individuals to purchase health insurance from an insurer in another state.

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Definitions:

Par Value

The face value of a bond or stock as stated on the certificate or charter, often used for legal capital or accounting purposes.

Cash

A form of currency that includes coins and paper notes, which is used as a medium of exchange for goods and services.

Shares

Units of ownership interest in a corporation or financial asset, which provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims against the company's assets.