Question

Which of the following changes were introduced with the passage of the Affordable Care Act?

Group of answer choices

increased government regulation of insurance markets and reduced reliance on private health insurance providers

expanded coverage by government and reduced reliance on private health insurance providers

introduction of new subsidies for the purchase of health insurance and expanded private health insurance through state exchanges

elimination of subsidies for the purchase of health insurance and new requirements that low-income individuals bear the full burden of insurance costs

Answer 1

Correct Answer:

C

With the introduction of Affordable care act or Obamacare, new subsidies were introduced to make people and firms to go for the health insurance. Private health exchange also got to be expanded via state channels.