Certified Revenue Cycle Representative (CRCR) Practice Exam

The Affordable Care Act facilitated the creation of Health Insurance Exchanges for what purpose?

1. Purchase qualified health benefit plans regardless of health status

2. Obtain price estimates for medical services

3. Negotiate service prices with providers

4. Meet federal insurance mandates and tax deductions

The correct answer is: Purchase qualified health benefit plans regardless of health status

The Affordable Care Act (ACA) established Health Insurance Exchanges with the primary purpose of enabling individuals and families to purchase qualified health benefit plans, irrespective of their health status. This aspect is crucial because one of the goals of the ACA was to increase access to healthcare coverage, particularly for those who might have been previously uninsured or had difficulty obtaining insurance due to pre-existing conditions. The creation of these exchanges also aimed to provide a platform where consumers could compare different insurance options, understand their benefits, and determine eligibility for financial assistance such as subsidies. This approach was designed to make the health insurance market more competitive and transparent, ultimately leading to better health outcomes and financial protection for consumers. The other choices do not align with the core function of Health Insurance Exchanges as defined by the ACA. While obtaining price estimates and negotiating service prices may be considerations in the broader healthcare market, they are not the primary purposes for which the exchanges were created. Additionally, while meeting federal insurance mandates and tax deductions are related to healthcare coverage, they do not capture the fundamental objective of facilitating the purchasing process for health insurance through these exchanges.