How Much Do You Know About The New Health care Law?

6 Questions | By Wcns | Last updated: Mar 22, 2022 | Total Attempts: 73

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1.

By how much is the federal budget deficit expected to be reduced over the next 10 years as a result of the health care reform legislation, according to the federal government?
- A.
  
  $50 million
- B.
  
  $0, the law will not affect the federal budget
- C.
  
  $100 billion
- D.
  
  $2 trillion
2.

When was the Patient Protection and Affordable Care Act signed into law?
- A.
  
  March 2010
- B.
  
  December 2009
- C.
  
  January 2010
- D.
  
  February 2010
3.

How many of the 140,000 uninsured 19- to 25-year-olds in Maryland will be picked up by family plans under the new law in the first year?
- A.
  
  230,000
- B.
  
  18,000
- C.
  
  56,000
- D.
  
  145,000
4.

Under the new law, at least what percent of every health insurance premium dollar must your insurance provider spend on health care and improving quality, starting Jan. 1?
- A.
  
  85 percent
- B.
  
  60 percent
- C.
  
  95 percent
- D.
  
  75 percent
5.

Starting in 2016, what will the federal penalty be for an individual if he or she chooses not to buy an insurance plan, except for those specifically exempted?
- A.
  
  $1,120 or 3 percent of income, whichever is greater
- B.
  
  $200 per person
- C.
  
  1.5 percent of income
- D.
  
  $695 or 2.5 percent of income, whichever is greater
6.

By 2016, Americans who would have to spend more than what percent of their income on health insurance will not be required to purchase a plan?
- A.
  
  8 percent
- B.
  
  10 percent
- C.
  
  20 percent
- D.
  
  5 percent