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Steve has a traditional health insurance plan with a $500 deductible, 80/20 coinsurance, and a $2000 coinsurance cap. His total health care bill is $9,500.

Steve has a traditional health insurance plan with a $500 deductible, 80/20 coinsurance, and a $2000 coinsurance cap. His total health care bill is $9,500. How much will he end up paying? Please provide steps on how you worked it out.

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