Now, instead of thinking about this from the perspective of an individualconsumer, think about it from the perspective of the population of employees with access to these contracts. Assume that all employees buy an insurance plan from this set of two options. Further, assume that 50% of the population knows they will have total spending (insured +insurer) equal to $1,000, 25% knows this total spending will be $4,000 and the rest (25%) know their total spending will be $15,000. (Of course, it is unrealistic that consumers know their future spending, but assume that for this problem). What percentage of consumers chooses plan 1? What percentage chooses plan 2? What are the average costs of plan 1 given those who enroll? Plan 2