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Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible and 75% participation provision. His health losses for the

Bob has a major medical policy with a $500,000 lifetime aggregate limit, a $500 annual deductible and 75% participation provision. His health losses for the year include the following: hospital bills of $32,127; surgeon's fees of $10,737, prescription medication expenses of $2,501. How much will Bob's insurance pay for this loss?

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