1. Suppose that there are 2 types of plans available to you.
   • Plan A has a deductible of $500, with 10 percent co-insurance rate for many health care services.
   • Plan B has a deductible fo $1000, with 35 percent co-insurance rate.
   • Plan A costs $200 per month in premiums while Plan B costs $80.
   • Discuss characteristics of people who would choose Plan A versus Plan B. Assuming that both plan types exist in the market, who would likely choose Plan B over Plan A? What plan would you choose?

References

http://kff.org/understanding-health-insurance/

https://youtu.be/DBTmNm8D-84