Personal Finance: Turning Money into Wealth, Student Value Edition (7th Edition) (The Pearson Series in Finance)
Question
Book Icon
Chapter 9, Problem 1PA
Summary Introduction

To explain:

The four major provisions of the affordable care act.

Introduction:

Patient protection and affordable care act refers to the act regarding health reform which was formulated in 2010 with the objective off covering all people with no medical or health insurance who are having income up to 133% of federal poverty level. It is there to reform the private insurance market especially for individuals and small groups.

Expert Solution & Answer
Check Mark

Answer to Problem 1PA

Solution:

The four major provisions of the act are,

  • Wide coverage
  • Increased quality of health care
  • None discrimination
  • Low cost of health insurance

Explanation of Solution

The four major provisions of the act are

Wide coverage:The act includes the wide coverage of people (almost 35 million) to provide health insurance benefits.

Increased quality of health care:The act is made to increase the quality of health care so that the people covered under the act can get the most benefit from the health insurance.

None discrimination:The act is made for all people in the United States and there is no discrimination in the insurance facilities provided to them.

Low cost of health insurance:As the act is made especially for all individuals and small groups purchasers who do not have any health insurance and who have salary up to 133% of federal poverty level, the cost of health insurance in the act has been provided as low as it could be possible.

Thus, the four major provisions of the act are wide coverage, increased quality of health care, no discrimination and low cost of the insurance.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Description Discuss in detail the Goal(s) of the firm. Additionally, List and discuss the 5 principles that form the foundations of finance. Lastly, List and discuss the various legal forms of business organizations.
What is the purpose of a case studty? Why is it important for researchers? Please give the examples
Investors in corporate zero-coupon bonds include all of the following EXCEPT: A: Tax-exempt retirement plans B: Conservative investors who want to lock-in their returns C: Investors who are saving for their children's college education D: Investors who do not need current cash flows E: All of the above are potential zero-coupon investors
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,
Text book image
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:9781260013962
Author:BREALEY
Publisher:RENT MCG
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,
Text book image
Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education