Which of the Following Is an Individual Mandate in the Federal

question 125

Multiple Choice

Which of the following is an individual mandate in the federal government's new national health care program?

• A) Under the new program, the federal government will coordinate the establishment of health insurance exchanges.
• B) Firms with at least 50 employees must either provide health insurance or pay fines when uninsured employees receive tax subsidies to purchase insurance.
• C) A tax rate of 3.8 percent will be assessed on nearly all earnings above $200,000 per year for individuals and above $250,000 per year for married couples.
• D) Nearly all U.S. residents must either purchase health insurance coverage or pay a fine of up to $750 per year for an individual (up to $2,250 per year for a family).

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Definitions:

Issue Price

The price at which new securities are offered to the public by an issuer.

Present Value

Today's value of a future financial sum or series of payments, calculated with a certain return rate.

Market Rate

The current price or interest rate of goods, services, or securities in the marketplace, determined by supply and demand forces.

Premium

A premium refers to the amount paid for buying insurance or the amount paid over the face value of bonds.