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Assume a health insurance plan had premiums of $500 per month, a deductible of $1000, a coinsurance rate of 20%, and a maximum out of

Assume a health insurance plan had premiums of $500 per month, a deductible of $1000, a coinsurance rate of 20%, and a maximum out of pocket limit of $10,000.

What is the maximum expenditure that a consumer could face during the year?

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