Which of the Following Statements Is True of the Affordable

question 32

Multiple Choice

Which of the following statements is true of the Affordable Health Care Act (ACA) ?

• A)The ACA eliminates lifetime limits on total health care insurance payments by insurers.
• B)The ACA limits the total number of surgeries for the insurers.
• C)The ACA requires employers to reimburse the cost of hospital stay of the insured.
• D)The ACA decides the insurance payments for dependents.
• E)The ACA provides major medical insurance with low deductibles to protect against catastrophic illnesses.

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Definitions:

Free Transferability

The ability to freely transfer assets or shares from one party to another without restrictions.

Close Corporations

Corporations characterized by a limited number of shareholders, no public market for the shares, and often involving family members or close associates in the business operations.

Balance of Power

A political concept aimed at preventing any one nation or group of nations from becoming too powerful, thereby maintaining stability and preventing dominance.

Buy-and-Sell Agreement

A legally binding agreement between co-owners or shareholders that outlines the conditions under which one's interest in a business can be sold or transferred.