Which of the following statements is false?
A. One of the intended effects of the health-care reform bills passed in March 2010 was for some people who had health insurance before the reform to choose to become uninsured after health-care reform.
B. One of the provisions of the health-care reform bills passed in March 2010 is that individuals will be fined for not buying insurance.
C. Among the provisions in the health-care reform bills passed in March 2010 is that insurance companies are prohibited from turning down a person with a preexisting disease.
D. One of the objectives of the health-care reform bills passed in March 2010 was to bring more people into the pool of insured persons so that insurance policies would become cheaper.
Answer: A
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Opportunity cost includes
A. only the actual amount spent on a choice. B. the value of foregone actions but not dollar outlays. C. the value of foregone options plus the dollar outlays associated with a choice. D. the amount you are paid to select an opportunity.
Which of the following is most likely to result from a rising household debt/income ratio?
a. Household income will rise rapidly. b. Household consumption will fall as a share of income. c. Households will be in a better position to deal with unexpected events that force major adjustments. d. A larger share of household income will be required to meet interest payments on debt.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.
Theoretically, the effect of private health insurance on the price and quantity of health care consumed:
A. Is the same as that of public health insurance B. Is a lower price and a higher quantity compared to public health insurance C. Is a higher price and a lower quantity compared to public health insurance D. Is a lower price and a lower quantity compared to public health insurance