ACA ACCOUNTING PRINCIPLES AND FINANCIAL REPORTING TEST PAPER 2026

ACA ACCOUNTING PRINCIPLES AND
FINANCIAL REPORTING TEST PAPER 2026

◉ Increase # of insured, improve quality of care, and reduce costs of
healthcare
Answer: What are the 3 primary goals of the patient protection and
ACA?


◉ 53.7%
Answer: In 2023, there was ~ ______% covered by employer-based
insurance


◉ 19%
Answer: In 2023, there was ~ ______% covered by Medicaid


◉ 19%
Answer: In 2023, there was ~ ______% covered by Medicare


◉ Insurance reform and health system reform
Answer: What were the 2 main arms of reform by the ACA


◉ Age 26 (used to be age 18)

, Answer: ACA insurance reform made it so that you could stay on
parent's insurance until....


◉ Minimum coverage provisions
Answer: Under the ACA insurance reforms, this made it so that there
was a certain amount of coverage that had to benefit everyone


◉ Adults without children (controversial)
Answer: In order to increase coverage & reduce costs, the ACA
required states to expand Medicaid coverage to.....


◉ Insurance
Answer: A controversial aspects of the ACA was that it required all
individuals to buy...


◉ Low income adults purchase exchange plans (plans that had to
have minimum coverage provisions, preventative healthcare, and
essential benefits)— sometimes still too expensive for very low
income people
Answer: A controversial aspect of the ACA used federal subsidies to
help...


◉ No denial of coverage for pre-existing conditions, select
preventative services are covered @ no additional cost to the