and CORRECT Answers
1960s - CORRECT ANSWER - Medcaid began in
medicare and medicaid - CORRECT ANSWER - someone who is 65+ and has low income
will qualify for
out of pocket care cost - CORRECT ANSWER - the cost sharing reduction subsidy
provided
risk averse - CORRECT ANSWER - reluctant to take risks - willing to pay less than half
that they could possibly win
not risk averse - CORRECT ANSWER - willing to take risks - would sell for more than
half
employer sponsored - CORRECT ANSWER - coverage with the highest proportion
among the non-elderly in the U.S.
large employers - CORRECT ANSWER - which type of employers are required by ACA
to provide health insurance to their workers
blue shield - CORRECT ANSWER - early form of managed care, covered physician
services (outpatient)
blue cross - CORRECT ANSWER - early form of managed care, covered hospital
inpatient services
federal and state governments - CORRECT ANSWER - medicaid is funded by