Suppose that a consume has a health insurance program with $10 co-payment per doctor visit. If...

Suppose that a consume has a health insurance program with $10 co-payment per doctor visit. If the consumer purchases 6 doctor visits and the bill charged by the Doctor for 6 visi $360the cost per visit paid by a third party is:

Solutions

Expert Solution

As co- payment is the amount that is paid by the insured person in the health insurance,

so for 6 visits, total cost paid by consumer = 10*6 = $ 60

then total cost paid by third party ( insurance company)

= 360-60

= $ 300 for 6 visit

now cost paid per visit by third party = 300/6

= $ 50

Rahul Sunny answered 1 year ago

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