Which of the following is true of the Health Care Reform Act?
A)Excise taxes for pharmaceuticals are reduced.
B)Employers of big corporations are given subsidies for providing health insurance to their employees.
C)All employers are mandatorily required to provide health insurance coverage to their employees.
D)Persons who do not obtain coverage will be required to pay a tax penalty to the federal government.

Question

Quizplus · Accepted Answer

The Health Care Reform Act requires individuals to have health insurance coverage, and those who do not obtain coverage will be required to pay a tax penalty to the federal government (known as the individual mandate). Option A is false, as the Health Care Reform Act includes an excise tax on certain high-cost health plans. Option B is partly true; the Health Care Reform Act provides tax credits and subsidies to small businesses to help them provide health insurance coverage to their employees, but not to big corporations. Option C is false; the Health Care Reform Act does not mandate all employers to provide health insurance coverage, but imposes penalties on large employers (with more than 50 employees) that fail to provide affordable coverage to their employees.

Which of the Following Is True of the Health Care