b. Ruth has purchased a medical insurance coverage with a $3,000,000 lifetime limit. In addition to a $8,000 straight deductible, her policy is also attached with an 85-15 co-insurance clause. Last Monday Ruth was hospitalized due to illness and her covered medical expenses were $110,000. How much will Ruth's medical insurance company pay? How much will Ruth have to pay herself? Show all your calculations, 3 marks