Which of the Following Statements Is False

question 77

Multiple Choice

Which of the following statements is false?

• A) One of the intended effects of the health-care reform bills passed in March 2010 was for some people who had health insurance before the reform to choose to become uninsured after health-care reform.
• B) One of the provisions of the health-care reform bills passed in March 2010 is that individuals will be fined for not buying insurance.
• C) Among the provisions in the health-care reform bills passed in March 2010 is that insurance companies are prohibited from turning down a person with a preexisting disease.
• D) One of the objectives of the health-care reform bills passed in March 2010 was to bring more people into the pool of insured persons so that insurance policies would become cheaper.

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Definitions:

Magnuson-Moss Act

A federal law in the United States that governs warranties on consumer products, aiming to protect consumers against deceptive warranty practices.

UCC

Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.

Federal Contract Laws

Regulations that govern the procurement process, awarding, and execution of contracts by the federal government.

Warranty Waiver

A legal document or clause where a party agrees to relinquish their rights to a warranty provided in a contract.