Which of the Following Is Not Part of the "State

question 144

Multiple Choice

Which of the following is not part of the "state health exchanges" provision of the Patient Protection and Affordable Care Act (ACA) ?

• A)Each state is required to establish an Affordable Insurance Exchange by 2014.
• B)Small businesses with fewer than 50 employees will be exempt from being required to participate in the program.
• C)Low-income individuals will be eligible for tax credits to offset the costs of buying health insurance.
• D)Health insurance policies that meet certain specified requirements will be offered by state-run agencies,by non-profit firms,or by the federal government.

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Definitions:

Tax

A financial charge or levy imposed by a government on individuals or entities to fund public services and government spending.

Inefficiency Costs

The costs associated with not utilizing resources in the most productive manner, which can lead to increased operational expenses and reduced profitability.

Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price or income.

Taxation

Taxation is the process by which governments finance their expenditure by imposing charges on citizens and corporate entities.