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An insurance market consists of high-risk patients, who average $40,000 in spending each year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients
An insurance market consists of high-risk patients, who average $40,000 in spending each year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a population like this?
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