Choose the TRUE statements, according to the article "Obamacare's premiums are spiking. Does that mean the law is failing?" Choose all that apply. Da States that have more competition on the exchanges also have had less of a premium spike. Ob. About half of the people purchasing insurance on the exchanges get subsidies. Dc People buying insurance on the ACA exchanges are typically middle-class d. Since the ACA became law, employer-sponsored coverage has held fairly steady, in terms of the number of people covered by employers. Je The ACA's exchange marketplaces are half as big as expected. D. The ACA has increased the number of people with health insurance. Question 29 lark has $60,000 in income per year and faces a 35% chance of having $15.000 in medical bills
Choose the TRUE statements, according to the article "Obamacare's premiums are spiking. Does that mean the law is failing?" Choose all that apply. Da States that have more competition on the exchanges also have had less of a premium spike. Ob. About half of the people purchasing insurance on the exchanges get subsidies. Dc People buying insurance on the ACA exchanges are typically middle-class d. Since the ACA became law, employer-sponsored coverage has held fairly steady, in terms of the number of people covered by employers. Je The ACA's exchange marketplaces are half as big as expected. D. The ACA has increased the number of people with health insurance. Question 29 lark has $60,000 in income per year and faces a 35% chance of having $15.000 in medical bills
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 28
Choose the TRUE statements, according to the article "Obamacare's premiums are spiking. Does that mean the law is failing?" Choose all that apply.
O a. States that have more competition on the exchanges also have had less of a premium spike.
O b. About half of the people purchasing insurance on the exchanges get subsidies.
OC. People buying insurance on the ACA exchanges are typically middle-class.
O d. Since the ACA became law, employer-sponsored coverage has held fairly steady, in terms of the number of people covered by employers.
Oe The ACA's exchange marketplaces are half as big as expected.
Of. The ACA has increased the number of people with health insurance.
Question 29
Mark has $60,000 in income per year and faces a 35% chance of having $15,000 in medical bils.
Suppose his utlity function over income is U=112 (square root of income).
What is Mark's expected lose? I Select )
Would he be willing to pay more than this for insurance? (Select
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