The key elements of the Affordable Care Act (ACA) passed in 2010 included all of the following except:
a. a mandate that required every employer with over 50 full-time workers to provide a qualified health plan at an affordable price, or face penalties.
b. the establishment of insurance exchanges where individuals who did not have access to employer-sponsored insurance could receive subsidies to purchase private coverage.
c. a federal requirement that states extend Medicaid coverage to individuals with family income less than 138 percent of the federal poverty level.
d. expanded insurance regulations include guaranteed issue, guaranteed renewability, and no exclusions for pre-existing conditions.
e. price controls on brand name pharmaceuticals
e. price controls on brand name pharmaceuticals
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A change in demand for a resource can be caused by
a. proportion of economic rent in the total earnings of the resource b. opportunity cost of the resource c. price of the resource d. a change in the number of firms producing the final product e. ease with which resources can be put to alternative uses
Which of the following is an important ingredient for the achievement of efficient economic organization?
a. highly restrictive exchange rate controls b. secure property rights and political stability c. high and variable rates of inflation d. high marginal tax rates