1. The anticipated benefits of health insurance exchanges include all of the following except
a. readily available and standardized information, allowing for easy comparison of plans.
b. lower (compared to the market for individual health insurance) prices
c. lower (compared to the market for individual health insurance) wait times for medical examinations.
d. simplified (compared to the market for individual health insurance) administrative procedures and lower administrative costs.
e. better (compared to the market for individual health insurance) coverage.
2. More than half of the U.S. population is covered by employer group health insurance. One of the underlying reasons is that
a. many of the most expensive patients are heavily subsidized or excluded.
b. employer payments towards health insurance premiums reduce tax benefits.
c. it is both the most preferred and the most common method for part-time employees to obtain affordable coverage.
d. group coverage increases adverse selection.
e. covering a large group under a single contract increases transaction costs.
3. Which of the following is not an example of an issue left unresolved by PPACA?
a. It is still not quite clear how the costs of the reform will be distributed between different societal groups.
b. The standard package of “essential benefits” has not yet been precisely defined by the law, and is still left for individual states to determine.
c. The law does not provide a clear mechanism for medium-size employers to access affordable health insurance.
e. There is no guarantee the distribution of health insurance will be 100% equitable. The law will greatly reduce, but not completely eliminate the number of uninsured.