Asked by Kareena Liling on Jun 12, 2024
Verified
What is the primary purpose of the insurance exchanges set up by the PPACA?
A) provide direct care to those without employer-provided health insurance
B) allow those with employer-provided health insurance to trade for policies that are more cost effective
C) sell government-provided health insurance to those lacking employer coverage
D) promote competition among insurance companies to help reduce the growth in health care spending
Insurance Exchanges
Platforms where insurance companies offer their products to consumers, allowing for comparison of plans and pricing.
Patient Protection And Affordable Care Act
A comprehensive health care reform law enacted in 2010 in the United States, aimed at expanding health insurance coverage and reducing healthcare costs.
Health Care Spending
The total amount of money spent on health care services and products within a country or region.
- Identify the function of governmental regulations, such as taxation policies and the Patient Protection and Affordable Care Act (PPACA), within the healthcare infrastructure.
- Understand the motivations behind, and the expected impacts of, health care reforms and policies on the health care system.
Verified Answer
CJ
Charles JamesJun 16, 2024
Final Answer :
D
Explanation :
The primary purpose of the insurance exchanges set up by the Patient Protection and Affordable Care Act (PPACA) is to promote competition among insurance companies, which is intended to help reduce the growth in health care spending by providing a platform for consumers to compare and purchase insurance plans.
Learning Objectives
- Identify the function of governmental regulations, such as taxation policies and the Patient Protection and Affordable Care Act (PPACA), within the healthcare infrastructure.
- Understand the motivations behind, and the expected impacts of, health care reforms and policies on the health care system.