ACA Accounting Principles Financial Reporting Test Questions and Answers Verified Solutions Latest Update 2026/2027

ACA Accounting Principles Financial
Reporting Test Questions and Answers
Verified Solutions Latest Update 2026/2027

Question:
Increase # of insured, improve quality of care, and reduce costs of healthcare

Answer:
What are the 3 primary goals of the patient protection and ACA?


Question:
53.7%

Answer:
In 2023, there was ~ ______% covered by employer-based insurance


Question:
19%

Answer:
In 2023, there was ~ ______% covered by Medicaid


Question:
19%

Answer:
In 2023, there was ~ ______% covered by Medicare


Question:
Insurance reform and health system reform

, Answer:
What were the 2 main arms of reform by the ACA


Question:
Age 26 (used to be age 18)

Answer:
ACA insurance reform made it so that you could stay on parent's insurance until....


Question:
Minimum coverage provisions

Answer:
Under the ACA insurance reforms, this made it so that there was a certain amount of coverage that
had to benefit everyone


Question:
Adults without children (controversial)

Answer:
In order to increase coverage & reduce costs, the ACA required states to expand Medicaid
coverage to.....


Question:
Insurance

Answer:
A controversial aspects of the ACA was that it required all individuals to buy...


Question:
Low income adults purchase exchange plans (plans that had to have minimum coverage provisions,
preventative healthcare, and essential benefits)— sometimes still too expensive for very low
income people