Assignment A 2 points Draw a diagram explaining and labeling Healthcare Transaction A. Healthcare Transaction A: A patient with private insurance purchased in the individual market goes to the doctor once to get a service. The total cost for the physician's service was $10,000. The insurance terms are: a. $50 co-pay per visit. b. $500 deductible (assume co-payment counts toward deductible). c. After the deductible, the co-insurance is 80/20: i. 80% insurance company; and ii. 20% patient. d. A maximum out-of-pocket provision (aka. Out-of-pocket limit) of $8,000 Please label each party, the directionality of the money and service, and the exact amount associated with each term (e.g., co-pay) above (see the examples below). You do not have to draw the diagram using software (e.g., Word, Power Point); you can do it using pen and paper (as long as it is legible). If you use pen and paper, please take a picture or scan it and upload it to Blackboard. Diagram Example: Example of a diagram where the patient is uninsured and pays 100% out-of-pocket for a medical visit where the total cost of services is $100. $100 PATIENT DOCTOR Service | I recommend using the following organization to simplify the diagram: $50 (co-payment) INSURANCE COMPANY DOCTOR PATIENT