Below is a market for health insurance, with 5 people.Their expected costs, risk premiums, and willingness to pay for insurance are given. The average expected costs are 92.

Suppose an insurance company offers a premium equal to 92. Determine who will buy and won't buy at that premium (top chart to fill in).

Find the insurer's revenue, expenses and profit at that premium (bottom chart to fill in).

Then repeat for the higher premiums in periods 2 and 3.

	Expected Costs	Risk Premium	Willingness to Pay		Period 1 Premium=$92	Period 2 Premium=$130	Period 3 Premium=$180
Person 1	20	2	22
Person 2	40	5	45
Person 3	80	15	95
Person 4	120	30	150
Person 5	200	60	260
Total	460
Mean	92
Insurer Revenue
Insurer Expenses
Profit