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Recall the report from USA Today regrading processed meats. The same study showed that every 100 grams of red meat consumed per day increased the

Recall the report fromUSA Today regrading processed meats. The same study showed that every 100 grams of red meat consumed per day increased the risk of colorectal cancer by 17%

Colorectal cancer usually strikes later in life, making Medicare and Medicaid primary payers for colorectal cancer care. Assume that these government programs pay for 50% of all incidences of colorectal cancers and that the typical cost for treatment equals $30,000. Using these assumptions, estimate the eventual cost to the federal government for a policy that leads to the increased number of colorectal cases estimated in Question 6. Round your answer to the nearest billion dollars.

Answer: $_______________ billion

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