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Author Question: Average annual malpractice cost is $165,000 for reckless doctors and $10,000 for careful doctors. If ... (Read 346 times)

desireelg_7

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on: Nov 23, 2022

Question 1

The Insurance Market

Suppose you have a health insurance policy with a $350 deductible and 40 percent coinsurance. If you receive a medical bill for $2,500, how much will you pay out-of-pocket?
Please round your final answer to two decimal places.
◦ $1,350.00
◦ $1,640.00
◦ $1,850.00
◦ $1,210.00

Question 2

Average annual malpractice cost is $165,000 for reckless doctors and $10,000 for careful doctors. If 7 percent of an insurance company's insured doctors are reckless, at what premium will the insurance company earn zero economic profit?
Please round your final answer to two decimal places.
◦ $154,150.00
◦ $20,850.00
◦ $2,250.00
◦ $152,750.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by desireelg_7 on Nov 23, 2022

koswald

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Reply #1 on: Nov 23, 2022
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desireelg_7

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Reply 2 on: Nov 23, 2022
Wow, this really help

nyrave

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Reply 3 on: Yesterday
:D TYSM

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