Question

Label the statements regarding the Patient Protection and Affordable Care Act (ACA) as true or false.

a. The ACA establishes a national healthcare system for the United States in which the government rather than insurance companies pays for all health related expenses.
b. Under the ACA, the government has the right to fine employers or individuals for not having or providing health insurance.
c. Assume the ACA is in effect. A health insurance company is looking over a prospective individual, Alfred, and finds that Alfred goes cliff diving regularly, which was the cause of his past six concussions. He now suffers from frequent headaches. The insurance company can deny
Alfred coverage because of his preexisting medical condition.
d. To fund the ACA, new taxes will be imposed on items including medical devices and indoor tanning.
e. Under the ACA, until age 26, you can be covered under your parent's health insurance policy.

Answer 1

Answer:

a. FALSE

Both Employers and Employees do most of the paying not the Federal government which only steps in for subsidies to lower income households.

b. TRUE

The Government can indeed fine employers or individuals for not having or providing health insurance.

c. FALSE

They cannot deny him coverage based on his pre-existing medical condition as a result of the ACA and neither can they charge higher premiums.

d. TRUE

Funding the ACA will need the Government to raise more revenue and they plan to do so by imposing new taxes on  items including medical devices and indoor tanning.

e. TRUE.

A person under the age of 26 is to be a dependent under this Act and this includes married people under the age of 26 as well as unmarried.