Payor Case Study Due no later than 11:59p on Sunday, August 4th, 2024 Prompt You are a health economist at a large insurance company, designing health insurance plans for the upcoming year. You have been tasked with designing plans for three employer groups, each with varied demographics and health needs. For each of these employer groups, you need to provide information on the premium and deductible structure of the plans you are designing. You also need to provide a brief explanation of how and why you are designing the plans in the way that you are. The three employer groups are as follows: A welder's union of 700 employees, with an average age of 45 and a high rate of workplace injuries. Each employee earns an average of $50,000 per year and the average experience rating (expected cost) of the group is $2,800 per employee. A small, liberal arts college with 1,200 employees, with an average age of 52 and a low rate of workplace injuries. Each employee earns an average of $70,000 per year and the average experience rating (expected cost) of the group is $1,500 per