Consider the following insurance plans - Option A: $1500 deductible, 0 co-pay and 10% co-insurance subject to a maximum of $1000 Option B: 0 deductible, 20$ co-pay, 20% coinsurance subject to a maximum out of pocket of $3000 Option C: $2000 deductible, 40$ co-pay, 0% co-insurance a) Should a healthy college graduate choose A, B or C - why? b) Should a college graduate but also with a chronic condition choose A, B or C - why? Hint: Think about elasticity and how health impacts care usage