In 2016, Ginny became responsible for providing her own health insurance. She obtained suitable coverage and paid annual premiums as shown in the following table. Compute Ginny's total premiums: Except for an occasional minor illness requiring a doctor's attention, a drug prescription, and periodic, routine tests, Ginny enjoyed good health during those years. Because she had no reason to think that would change, by the end of 2018 , Ginny was considering dropping her health insurance coverage. After all, she could think of a lot of other uses for the thousands of dollars she spent each year on increasing premiums, Ginny decided to pay premiums for another year but planned to take another look at her health care plan at the end of 2019. It Could Hoppen to You, It Could Happen to Me In December 2019, Ginny accepted an invitation from friends to 90 snowboarding. Ginny did everything right; took a lesson, stayed on trails well within her skall level, and maintained an awareness of people and objects near her, Even though she thought it was a bit dorky to wear wrist ouards and a beimet, her friends insisted that she take standard and reasonable safety measures. Ginny was enjoying the day when, from dut of nowhere (actually, the woods), came an out of control skier who ran into Ginny. Ginny was injured and taken to the nearest hospital by ambulance. Ginny's injuries included a broken wrist and elbow as well as cuts and bruises. Of biggest concern was the uncertainty of her head injury. Ginny spent a couple of days in intensive care. Fortunately, she didn't have a broken skull, but did have a concussion. 5urgery was performed to repair the broken wrist and elbow. Since Ginny was in good health, her recovery was complete. Ginny returned to full function in about si months. Soon after Ginny returned home, however, the medical bills for the ambulance, emergency room, intensive care, medications, doctors, tests, and. other services arrived. Ginny also had to have physical therapy for her wrist and elbow. Her total medical expenses were 435 , 000. It was time to find. but if all those premiums paid since 2016 would pay off for just one, albeit dramatic, incident Overall, Ginny's insurance paid 80% of the total medical expenses, thus making her responsible for of the expenises, or Ginny's insurance paid Her-out-of-pocket experises for the accident of plus the 2019 insurance premiums of If Ginny had canceled her health insurance at the end of 2018, her out-of-pocket expenses for the accident would have been case, did Ginny beneft from having health insurance? What are reasonable morals of the story? Check all that apply: Think long and hard about the best tradeoff of coverage and cost in a health care plan. Avoid engaging in physical activity. Your health can change in an instant. Never leave the house. It can be financially risky to go without health insurance. Some employers pay part or all of the health insurance premlums for employees who are enrolled in one of the company's sponsored plans. Assume that during the same time period that Ginny paid for her premiums in full that she had, instead, worked for a firm that paid 50% of her premiums for the same coverage. Instead of paying premiums of over the years, Ginny would have paid and saved In this case, Ginny's out-of-pocket expenses specific to her snowboandino accident would have been they actually were because