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Calculate the consumer out-of-pocket costs

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Suppose a consumer visits her doctor four times in a year and the medical bill for each visit is $250. Calculate the consumer's out-of-pocket costs under each of the following insurance plans:

  • Plan A: $50 co-pay, with 30% co-insurance
  • Plan B: $200 deductible with 25% co-insurance
  • Plan C: $100 deductible, $10 co-pay, 40% co-insurance

Which plan provides the greatest deterrent to moral hazard? Explain

Reference no: EM131888663

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