By 2014,the most significant measures of the healthcare reform law will take effect because_________.
A)all citizens will be provided with Medicare as a form of medical insurance
B)an IRS penalty of $750 or 2 percent of income will be imposed on citizens not covered by an employer or public plan
C)an IRS penalty of $850 or 2 percent of income will be imposed on citizens without health insurance who choose not to purchase health insurance
D)employers will be fined up to $850 for each employee who is not insured

Question

Quizplus · Accepted Answer

The Affordable Care Act (ACA), often referred to as healthcare reform, includes a provision that imposes a penalty on individuals who do not have health insurance coverage. This is known as the individual mandate. The penalty was designed to encourage people to obtain health insurance coverage, either through their employer, a public plan, or by purchasing it themselves. The specific amounts and percentages mentioned in option B align with the structure of penalties that were initially part of the ACA's enforcement mechanisms.

By 2014,the Most Significant Measures of the Healthcare Reform Law