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An individual is insured and has a co-pay of 20%. The deductible is $500. The hip replacement procedure charge at the hospital is $28,000. The
An individual is insured and has a co-pay of 20%. The deductible is $500. The hip replacement procedure charge at the hospital is $28,000. The insurance company has negotiated a discount of 10% off the charge for the procedure. What is the total out-of-pocket cost to the insured?
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Probability And Statistical Inference
Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman
9th Edition
321923278, 978-0321923271
