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Health economy Question 2: Basic health insurance contract design (10 points)eyelaterW ( You need surgery which will cost $10,000, and that is your only health

Health economy

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Question 2: Basic health insurance contract design (10 points)eyelaterW ( You need surgery which will cost $10,000, and that is your only health expense for the year. The following information describes your health insurance plan: Premiums: $110 each month Coinsurance: 20% a) Su Deductible: $1,300 Out-of-pocket maximum: $4,400 a. How much is the annual premium cost? b. How much will you pay for the surgery? eriey vilnaingeng noitsulia e'vel inecargos Jay is a sick type w VOO = M43, .where What is Jay's utility from hi c. How much will your insurance company pay for your surgery? d. How much does the insurance company make or lose by insuring you

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