1- Calculate the out-of-pocket payment in the following scenarios with different health insurance policies. Assume that copayments will not count toward deductible but will count toward the maximum out-of-pocket (catastrophic care) threshold. Scenario Cost of care ($) Annual Deductible ($) Coinsurance Copayment Catastrophic ($) care threshold Out-of- pocket payment ($) Previous out- of-pocket payment ($, this year) 0 100 650 200 1 2 3 4 10,000 35,000 800 6,500 1,000 500 10,000 4,000 20% 30% 15% 10% 20 30 40 50 25,000 5,000 75,000 50,000 A) Explain your general approach. Use step-by-step if-then statements. (10 points) B) Write down your calculations for each scenario. (20 points) C) Fill out the last column. (5 points) D) In which scenario do you think there is a higher possibility of moral hazard? Why? (5 points) 1- Calculate the out-of-pocket payment in the following scenarios with different health insurance policies. Assume that copayments will not count toward deductible but will count toward the maximum out-of-pocket (catastrophic care) threshold. Scenario Cost of care ($) Annual Deductible ($) Coinsurance Copayment Catastrophic ($) care threshold Out-of- pocket payment ($) Previous out- of-pocket payment ($, this year) 0 100 650 200 1 2 3 4 10,000 35,000 800 6,500 1,000 500 10,000 4,000 20% 30% 15% 10% 20 30 40 50 25,000 5,000 75,000 50,000 A) Explain your general approach. Use step-by-step if-then statements. (10 points) B) Write down your calculations for each scenario. (20 points) C) Fill out the last column. (5 points) D) In which scenario do you think there is a higher possibility of moral hazard? Why? (5 points)