suppose that a consumer has a health insurance program with co - payments of $10 per doctor visit. if the…

suppose that a consumer has a health insurance program with co - payments of $10 per doctor visit. if the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third - party payer is: multiple choice $60. $300. $360. $420.

suppose that a consumer has a health insurance program with co - payments of $10 per doctor visit. if the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third - party payer is: multiple choice $60. $300. $360. $420.

Answer

Explanation:

Step1: Calculate total co - payments

The co - payment per visit is $10 and the number of visits is 6. So the total co - payments by the consumer is $10\times6 = 60$.

Step2: Calculate amount covered by third - party payer

The total bill for 6 visits is $360. Subtract the total co - payments from the total bill. So the amount covered by the third - party payer is $360−60=300$.

Answer:

$300