Which Statement Is True About the Obama Health-Care Reform Plan

question 14

Multiple Choice

Which statement is true about the Obama health-care reform plan?

• A) As of September 2014, all lawsuits against it have been resolved and no more court cases are pending.
• B) It is the second major overhaul of the U.S. health-care system since the Clinton plan did so in 1993.
• C) It creates a single-payer system in the United States (a government takeover).
• D) It is being implemented gradually and only came into full effect in 2014.

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Definitions:

Revenue

The total income generated by a company from its business activities, such as sales of goods and services, before any expenses are deducted.

Cash Coverage Ratio

A measure of a company's ability to pay its debt obligations using its operating cash flow.

Quick Ratio

The Quick Ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.