An Insurance policy in Action Carlos is a 21-year-old college student who recently fell off a roof at a party and had to be rushed by ambulance to the emergency room at a nearby hospital. Although an MRI revealed that he suffered no internal injuries, and he was released only hours later with mild pain medication, his medical bill for the hospitalization and tests totaled $4,270. Carlos is covered under his parents' insurance policy, which has a $300 hospital stay deductible and a coinsurance rate of 20%. His parents can therefore expect a reimbursement from the insurance company of $ (Note: Round your answer to the nearest dollar.)