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Mike breaks his hand playing in his weekly basketball league and needs surgery. The hand surgery costs $10,000 total. If Mike's health insurance plan has

Mike breaks his hand playing in his weekly basketball league and needs surgery. The hand surgery costs $10,000 total. If Mike's health insurance plan has a $5,000 deductible, an 80%/20% coinsurance rate, and he has used $500 of his deductible so far this year, how much of the new medical bill will Mike's insurance company pay for

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