Ch 1: True and False

Question 1

T/F: “Medical Insurance” and “Health Insurance” are interchangeable terms

Answer 1

True

Question 2

T/F: Medical insurance narrows down the “undesirable events” to illnesses and injuries

Answer 2

True

Question 3

T/F: Health insurance in the United States began shortly after the turn of the 19th century, when physicians agreed to provide certain services to all Texans for a nominal fee

Answer 3

False

Question 4

T/F: Politics has never played a role in the growth and change of health insurance

Answer 4

False

Question 5

T/F: The Affordable Care Act significantly limits an individual’s choice of healthcare options

Answer 5

False

Question 6

T/F: Effective as of 2014, all Americans with incomes up to 133% of federal poverty guidelines are covered under the Affordable Care Act’s new, expanded Medicaid program

Answer 6

True

Question 7

T/F: Advances in medical technology have tended to keep healthcare costs down

Answer 7

False

Question 8

T/F: People buy health insurance to protect them from financial loss or ruin

Answer 8

True

Question 9

T/F: COBRA and HIPAA were enacted by Congress in the same year - 1996

Answer 9

False

Question 10

T/F: The two main categories of private health insurance plans are indemnity (fee-for-service) and managed care

Answer 10

True

Question 11

T/F: One way the Affordable Care Act aims to cut healthcare costs is to cut down on Medicare waste and fraud

Answer 11

True

Question 12

T/F: The new healthcare reform laws make it more difficult for Americans to qualify for state Medicaid programs

Answer 12

False