"Obamacare

question 68

Multiple Choice

"Obamacare":

• A) included a provision for government-run health insurance called "the public option."
• B) was bitterly opposed by congressional Republicans because most favored a "single-payer" plan.
• C) survived two challenges to its constitutionality.
• D) was partially repealed in 2013 in order to avert a government shutdown.
• E) led to the expansion of Medicaid in Republican controlled states.

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Definitions:

Reducing Costs

A process aimed at lowering the overall expenses involved in running a business or producing goods and services.

Supply Management

The practice of managing the supply chain activities and relationships to achieve competitive advantage and optimize cost.

Life Cycle Costing

The total cost of ownership of a product or system over its entire lifespan.

Operating Costs

Expenses associated with the day-to-day functions of a business.