Question

Question 7

Medicaid, Medicare and the Affordable Care Act are funded by fiscal policy and allow citizens in the U.S. to bear the full costs of their medical expenses

Question 7 options:

	True
	False

Question 8

A large healthy pool of insured individuals will drive premiums down for those who are part of the same pool but not as healthy.

Question 8 options:

	True
	False

Answer 1

Question 7:

It shall be noted that Medicaid, Medicare, and the Affordable Care Act are meant to reduce the health & medical expense of the citizens of the United States. They do not allow citizens in the U.S. to bear the full costs of their medical expenses.

Medicaid is funded by the federal government and each state.

The Affordable Care Act is paid for with a combination of cuts in government spending and new revenue from several sources, including tax increases

Funding for Medicare is done through payroll taxes and premiums paid by recipients.

Hence, the correct statement is False.

Question 8:

Yes, it is correct to say that a large healthy pool of insured individuals will drive premiums down for those who are part of the same pool but not as healthy. There will be lesser claims and hence, insurance companies need to pay out less for reimbursement, and hence, the premium chargeable on renewal would be lesser.

Hence, the correct answer is True.