The Affordable Care Act (ACA) Practice Test

Question: 1 / 400

Approximately how many individuals were eligible for new tax credits in 2014?

1.0 million

2.0 million

In 2014, the Affordable Care Act introduced new tax credits aimed at making health insurance more affordable for low- to moderate-income individuals and families. These tax credits were designed to help people purchase insurance through the Health Insurance Marketplace, ensuring that more citizens had access to healthcare coverage affordably.

The correct answer indicates that approximately 2.0 million individuals became eligible for these tax credits. This figure reflects an assessment of those who met the income requirements set forth by the ACA which allowed them to receive financial assistance to support their health insurance premiums. This assistance was instrumental in increasing the number of insured Americans and reducing the financial burden of healthcare costs on lower-income households.

Understanding this context about the tax credits is crucial, as it highlights the ACA's goal of improving access to healthcare and the importance of financial assistance in that process.

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3.5 million

4.0 million

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