Asked by Birajit Nepal on May 26, 2024

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Starting in 2014,a provision in the Affordable Care Act

A) eliminated Medicare taxes for households earning more than $250,000 a year.
B) lowered Medicare taxes for households earning more than $250,000 a year by
0) 9 percent.
C) lowered Medicare taxes for households earning more than $250,000 a year by
5) 4 percent.
D) increased Medicare taxes for households earning more than $250,000 a year by
0) 9 percent.

Affordable Care Act

A comprehensive healthcare reform law enacted in 2010 aimed at increasing health insurance coverage and reducing healthcare costs.

Medicare Taxes

Taxes deducted from workers' paychecks to fund the Medicare program, which provides healthcare benefits to eligible elderly and disabled individuals.

Provision

A clause in a legal document or law that stipulates a particular requirement or action.

  • Recognize the role and impact of the Affordable Care Act on Medicare taxes and healthcare provision.
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LG
Lorde GeorgeMay 28, 2024
Final Answer :
D
Explanation :
Starting in 2014, the Affordable Care Act increased the Medicare tax rate for households earning more than $250,000 a year by 0.9 percent. Therefore, option D is the correct choice. Option A is incorrect as it states that Medicare taxes were eliminated for households with high incomes, which is not true. Option B is incorrect as it suggests that Medicare taxes were lowered by 0.9 percent, which is not the case. Option C is also incorrect as it suggests that the Medicare tax rate was lowered by 5.4 percent for high-income households, which is not true.