Which of the Following Is Not an Element of the Patient

question 128

Multiple Choice

Which of the following is not an element of the Patient Protection and Affordable Care Act (PPACA) ?

• A)Insurance companies can no longer deny coverage to anyone on the basis of a preexisting condition.
• B)To contain costs, insurance companies may impose annual or lifetime expenditure caps on those that they insure.
• C)All firms with 50 or more employees are required to purchase insurance for their workers or pay a fine
• D)Individuals who are not covered by either government- or employer-provided insurance are required to purchase health insurance for themselves and their dependents

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Definitions:

Gasoline Price Supports

Governmental interventions aimed at stabilizing or raising the market price of gasoline through mechanisms like subsidies, taxes, or setting minimum prices to benefit producers.

Deadweight Loss

An economic inefficiency that occurs when the equilibrium for a good or service is not achieved, leading to a loss of economic value.

Elastic Demands

Describes demand that is highly responsive to changes in price, with significant changes in the quantity demanded.

Consumer Surplus

The gap between the total sum consumers are ready and capable of paying for a good or service versus what they really spend.