A National Study Report Released by the Center for Studying

question 15

Multiple Choice

A national study report released by the Center for Studying Health System Change (HSC) in 2010, indicated that 20.9% of Americans were identified as having medical bill
Financial issues. Many people in families with problems paying medical bills in 2010
Experienced severe financial consequences from their medical debt, with about two-thirds
Reporting problems paying for other necessities and a quarter considering bankruptcy, the
Study found. What if a news organization randomly sampled 400 Americans from 10
Cities and found that 90 reported having such difficulty. A test was done to investigate
Whether the problem is more severe among these cities. The result of this test is

• A) Inconclusive.
• B) There is no indication the medical bill problem is more severe among the cities
• Surveyed.
• C) There is insufficient evidence to conduct the test.
• D) There is evidence that the medical bill problem is more severe among the cities
• Surveyed.
• E) None of the above.

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Definitions:

Instalment Payments

A payment plan allowing a debt to be paid off in specific, scheduled portions over a set period of time.

Interest Portion

The part of a payment or financial operation that represents interest, separate from principal repayment or other components.

Principal Portion

The part of a loan payment that reduces the outstanding balance of the loan, as opposed to the part that covers interest charges.