Overview of the Affordable Care Act (ACA) Exam
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Latest Update 2026
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Terms in this set (104)
Affordable Care Act (ACA) Regulates health insurance industry, and helps to
increase the quality, affordability, and availability of
private insurance
T/F: The ACA creates health False, it regulates the insurance industry
insurance.
When was ACA put into place? 2010
What are the 3 names for the - PPACA
Affordable Care Act? - Obamacare
- ACA
Young adults can stay on their 26 y/o regardless of student, marital or tax
parents plan until when dependent status
What is the health insurance Private plan access during open enrollment that
marketplace works on a sliding scale
,What are Sliding Scale Premiums Lower income leads to lower insurance costs.
T/F: ACA encourages gender False; these factors will no longer affect the cost of
discrimination and discrimination your insurance on or off the marketplace
against pre-existing conditions 1 multiple choice option
T/F: Insurers can't place lifetime True
limits or annual limits on your
coverage.
T/F: All plans must have a wide range True
of new benefits.
Open Enrollment Period Timeframe to enroll in health insurance plans.
The ACA said all FT workers in Job-based health coverage by 2015
companies with >50 employees had
to be offered what
The ACA said small businesses <50 Use a part of the marketplace called the SHOP
full-time employees can use what (small business health options program) to browse
plans
The ACA said small businesses <25 Use the marketplace to purchase subsidized
full-time employees can use what insurance for their employees
, History of Health Care Reform 1912 = Teddy Roosevelt advocated for national
health insurance when he ran for president.
1935 = FDR tried to include national health
insurance in legislation establishing Social Security;
AMA objected to "socialized medicine."
WWII = Employment-based health insurance
became prevalent due to wage freezes.
Post-WWII = Harry Truman proposed compulsory
health insurance but was derailed by onset of
Korean War.
1965 = Medicare and Medicaid enacted. (only spent
6% of GDP on health care!)
1971 = Nixon proposed requiring employers to
provide minimum level of health insurance
1973 = HMO Act & growth of prepaid health plans.
1980s-early 1990s = rates skyrocketed.
1993 = Clinton proposed universal coverage
through "managed competition" health care reform
(heavily opposed, never came to vote in Congress)
2008: U.S. health care costs exceeded 16% of GDP
% covered by employment-based health insurance
decreasing, uninsured rate increasing.
2010 = PPACA passed following contentious
debate
Post-2010 = Numerous court challenges
2013 = Rollout of online healthcare marketplace
2014 = Individual mandate effective
2015 = Employer mandate effective
2019 = Individual mandate eliminated
2026 = Health care is 18.6% of GDP
How does health insurance work 1. People pay premiums
2. People receive different amounts of care during
the year
3. Even if insurance pays your bills
4. High prices mean higher premiums next year
| Questions with 100% Correct Answers | Verified |
Latest Update 2026
Save
Terms in this set (104)
Affordable Care Act (ACA) Regulates health insurance industry, and helps to
increase the quality, affordability, and availability of
private insurance
T/F: The ACA creates health False, it regulates the insurance industry
insurance.
When was ACA put into place? 2010
What are the 3 names for the - PPACA
Affordable Care Act? - Obamacare
- ACA
Young adults can stay on their 26 y/o regardless of student, marital or tax
parents plan until when dependent status
What is the health insurance Private plan access during open enrollment that
marketplace works on a sliding scale
,What are Sliding Scale Premiums Lower income leads to lower insurance costs.
T/F: ACA encourages gender False; these factors will no longer affect the cost of
discrimination and discrimination your insurance on or off the marketplace
against pre-existing conditions 1 multiple choice option
T/F: Insurers can't place lifetime True
limits or annual limits on your
coverage.
T/F: All plans must have a wide range True
of new benefits.
Open Enrollment Period Timeframe to enroll in health insurance plans.
The ACA said all FT workers in Job-based health coverage by 2015
companies with >50 employees had
to be offered what
The ACA said small businesses <50 Use a part of the marketplace called the SHOP
full-time employees can use what (small business health options program) to browse
plans
The ACA said small businesses <25 Use the marketplace to purchase subsidized
full-time employees can use what insurance for their employees
, History of Health Care Reform 1912 = Teddy Roosevelt advocated for national
health insurance when he ran for president.
1935 = FDR tried to include national health
insurance in legislation establishing Social Security;
AMA objected to "socialized medicine."
WWII = Employment-based health insurance
became prevalent due to wage freezes.
Post-WWII = Harry Truman proposed compulsory
health insurance but was derailed by onset of
Korean War.
1965 = Medicare and Medicaid enacted. (only spent
6% of GDP on health care!)
1971 = Nixon proposed requiring employers to
provide minimum level of health insurance
1973 = HMO Act & growth of prepaid health plans.
1980s-early 1990s = rates skyrocketed.
1993 = Clinton proposed universal coverage
through "managed competition" health care reform
(heavily opposed, never came to vote in Congress)
2008: U.S. health care costs exceeded 16% of GDP
% covered by employment-based health insurance
decreasing, uninsured rate increasing.
2010 = PPACA passed following contentious
debate
Post-2010 = Numerous court challenges
2013 = Rollout of online healthcare marketplace
2014 = Individual mandate effective
2015 = Employer mandate effective
2019 = Individual mandate eliminated
2026 = Health care is 18.6% of GDP
How does health insurance work 1. People pay premiums
2. People receive different amounts of care during
the year
3. Even if insurance pays your bills
4. High prices mean higher premiums next year
