I only need the drawn diagram

Diagram B

10 points

Draw a diagram explaining and labeling Healthcare Transaction B.

Healthcare Transaction B:

Peter works with Corporation X and is covered under Corporation X's health plan (assume Peter pays no monthly premiums). Corporation X's health plan is a self-insured plan. Corporation X pays TPA Services, a third-party administrator, to handle Corporation X's health plan.

Peter goes to the doctor once to get service. The total cost for the physician's service was $60,000. The insurance terms are:

1. $50 co-pay per visit.
2. $500 deductible (assume co-payment counts toward deductible).
3. After the deductible, co-insurance is 80/20:
   1. 80% insurance company; and
   2. 20% patient.
   3. A maximum out-of-pocket provision of $8,000

Do the following:

(1) Explain what parties bear economic risks in Healthcare Transaction B.

(2)Label each party, the directionality of the money and services, and the exact amount associated with each term (e.g., co-pay) above (see the examples below).

You do not have to draw the diagram using software (e.g., Word, Power Point); you can do it using pen and paper (as long as it is legible). If you use pen and paper, please take a picture or scan the document and upload it to Blackboard.

Diagram Example:

Example of a diagram where the patient is uninsured and pays 100% out-of-pocket for a medical visit where the total cost of services is $100.

$100

PETER DOCTOR

Service