American Academy of Professional Coders (AAPC) Practice Exam

What does the acronym ARRA stand for?

1. American Recovery and Reinvestment Act of 2009

2. Advanced Recovery and Rehabilitation Act

3. American Resources and Relief Act

4. Asset Recovery and Reinvestment Agreement

The correct answer is: American Recovery and Reinvestment Act of 2009

The acronym ARRA stands for the American Recovery and Reinvestment Act of 2009. This act was a significant piece of legislation aimed at stimulating the economy during the recession that followed the 2008 financial crisis. It included measures to create jobs, provide tax cuts, and invest in infrastructure, education, health, and renewable energy. The ARRA was designed to spur economic activity and support those affected by the downturn, thereby promoting recovery in various sectors. The other choices do not represent the correct title of this legislation. The Advanced Recovery and Rehabilitation Act, American Resources and Relief Act, and Asset Recovery and Reinvestment Agreement do not reflect the established name or purpose of the legislation passed in 2009. Understanding the ARRA is crucial for professionals in healthcare and coding because it heavily influenced funding and financial support mechanisms, which can affect billing, reimbursement, and healthcare services.