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Chapter 26 Set
Health Care Reform: The Patient Protection and Affordable Care Act
8
Economics
Undergraduate 1
05/05/2013

Additional Economics Flashcards

 


 

Cards

Term
adverse selection
Definition
those in most need of insurance are the most willing to pay for insurance and drive up the price o insurance with their illnesses to such a degree that those people who are not as sick leave the market all together
Term
public option
Definition
a state or federally run insurance option within a state exchange
Term
Changes to Medicaid
Definition
All are now covered by Medicaid if they under the 133 figure.
Term
Changes to Medicare
Definition
Inception of Medicare Advantage which disallowed insurance companies to offer plans with greater benefits in one area at a cost of worse for other benefits. AND Medicare Part D which gave a 250 rebate czech to cover prescription drugs. Also that companies have to sell those drugs cheaper to Medicare.
Term
Large Employers Provide Health Insurance or Pay a Fine
Definition
More than 50 have to pay a fine o 10k for one 27k for families.
Term
The Exchanges and Subsidies to Individuals Buying and Small Employers Providing Health Insurance
Definition
To stop people from selling insurance in the small group market from charging different prices based on the size of the group or base their premiums on the gender makeup.
Term
Increasing in Taxes
Definition
Extension of Medicaid to every family member in households earning less than 133 percent of the poverty line. Taxes on companies making brand name drugs and medical devices and wealthy individuals.
Term
Other Assorted Provisions
Definition
Large employers have to assume that employees want to opt in on insurance when they are hired rather than being allowed to assume they wish to opt out.
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