Which of the Following Statements Is True of Health Insurance

question 72

Multiple Choice

Which of the following statements is true of health insurance in the United States?

• A) The majority of Americans get health insurance from the government.
• B) More than 40 percent of Americans get their health insurance through Medicaid.
• C) Medicare pays the medical costs of Americans on the basis of income.
• D) Employer-based health insurance coverage has deteriorated.
• E) Medicaid provides medical care exclusively for people aged 45 years and over.

---

Definitions:

Debt Principal

The original amount of money borrowed or the remaining balance of a loan, exclusive of interest.

Double-Entry Bookkeeping

An accounting system where every transaction affects at least two accounts to maintain a balanced set of financial records.

Cash Balance

The total amount of cash or cash equivalents that a company or individual has available at any given point in time.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.