7
AssignmentMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives

Question 7 • (AG Q4) Financial Literacy: 25-26 (JRush)

Important components of the Affordable Care Act include which of the following? (Select all that apply.)

Answer
A
Those people with pre-existing conditions could not be prevented from having medical coverage.
B
Businesses with 50 or more employees had to provide full-time employees medical insurance.
C
It did away with the Medicaid program for low-income residents.
D
Dependent children could remain on their parents’ insurance until the age of 21.

Explanation

The Affordable Care Act prohibited insurers from denying coverage or charging more because someone had a pre-existing condition, so A is correct. It also required many businesses with 50 or more full-time-equivalent employees to offer health coverage to full-time employees, making B correct. The law did not eliminate Medicaid, and it let young adults stay on a parent’s plan until age 26, not 21.

AI-written and checked against the verified answer.

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