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Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 35% of expenses associated with a long-term illness, and he has a stop-loss provision
Stop-Loss Provision. Pete's health insurance policy specifies that he should pay 35% of expenses associated with a long-term illness, and he has a stop-loss provision of $44,976 in his policy. If Pete incurs expenses of $82,300, how much would he owe? Pete would owe $ (Round to the nearest dollar.)
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