BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 116

3. As of 2008, per capita spending on health care in the United States
was about $8,000. If this amount increased by 5 percent a year, what
would be the amount of per capita spending for health care in 10 years?
4 Sarah’s comprehensive major medical health insurance plan at work
has a deductible of $750. The policy pays 85 percent of any amount
above the deductible. While on a hiking trip, she contracted a rare
bacterial disease. Her medical costs for treatment, including medicines,
tests, and a six-day hospital stay, totaled $8,893.
A friend told her that she would have paid less if she had a policy with
a stop-loss feature that capped her out-of-pocket expenses at $3,000.
Was her friend correct? Show your computations. Then determine
which policy would have cost Sarah less and by how much.
5 The Kelleher family has health insurance coverage that pays 80
percent of out-of-hospital expenses after a $500 deductible per person.
If one family member has doctor and prescription medication expenses
of $1,100, what amount would the insurance company pay?
===================================================
BUSN 380 Week 6 Quiz
To Purchase This Material Click below Link
FOR MORE CLASSES VISIT
www.busn380study.com