An insurance market consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients,
Question:
An insurance market consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a population like this?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
To calculate the average spending for a population like ...View the full answer
Answered By
Benard Ndini Mwendwa
I am a graduate from Kenya. I managed to score one of the highest levels in my BS. I have experience in academic writing since I have been working as a freelancer in most of my time. I am willing to help other students attain better grades in their academic portfolio. Thank you.
4.90+
107+ Reviews
240+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Refer to exercise 6.1. If an insurer sold 100,000 policies at $6,000, what would revenue be? What would medical costs be if the insurer paid for everything and low-risk patients were 90 percent of...
-
Refer to exercise 6.1. What would average spending be if low-risk patients were 92 percent of the population? Exercise 6.1 An insurance market consists of high-risk patients, who average $40,000 in...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
For data Tables in an Oracle Server database, a blank field must be a. Indicated by NULL Avoided b. Kept as a blank c. Indicated either by NULL or a blank d. Indicated by NULL
-
Billed as a merger of equals, Citibank and Travelers resorted to a co-CEO arrangement when they merged in 1998. Why do you think they adopted this arrangement? What are the advantages and...
-
a. If you study the cost analysis, you will see that our company offers the best system at the lowest price. b. If you study the cost analysis you will see that our company offers the best system at...
-
In question 1, identify the marketing as opposed to the business strategy. Data From Question 1: What is a business strategy? Do you agree with the definition proposed? Illustrate your answer with...
-
Anya Clark opened Anyas Cleaning Service on July 1, 2017. During July, the following transactions were completed. July 1 Anya invested $20,000 cash in the business. 1 Purchased used truck for...
-
he accounts from the Adjusted Trial Balance are listed in alphabetical order. What is the total longminusterm liabilities? Baker Service Company Adjusted Trial Balance September 30, 2025 Balance...
-
It is easy to understand why JetBlue Airlines helped to establish the Employers Centers of Excellence Network. JetBlue and its partners shifted from paying highly variable prices for care of variable...
-
A PCMH emphasizes a team approach to care, typically including physicians, advanced practice nurses, physician assistants, nurses, pharmacists, nutritionists, social workers, educators, and care...
-
A computer facility in the Sahara Desert is to be maintained at 15 C by a vapor-compression refrigeration system that uses water as the refrigerant. The water leaves the evaporator as a saturated...
-
Clients Buddy and Debbie Jamison are considering converting their private vacation home to rental property. They have asked for advice as to the tax aspects of owning such property. The only real...
-
Michael Rambo, single and calendar year taxpayer, is the sole owner of Slice-It Pizza Company, a sole proprietorship. Michael materially participated in the activity. In 2019, Slice-It Pizza reported...
-
What is the amount of AMT credit carryforward for 2019, assuming that an individual had an alternative minimum tax of $20,000 and an alternative minimum tax for AMT credit of $12,000?
-
Donna, an unmarried individual who is age 66, has taxable income of $300,000. She has AMT positive adjustment of $68,000 and tax preferences of $40,000. a. What is Donna's AMT? b. What is the total...
-
What is the allowable exemption for the alternative minimum tax assuming that a married couple has alternative minimum taxable income of $1,220,600?
-
Hernando de Soto (a Bolivian economist) argues that property rights are even more important in the developing world than in rich nations. What is his argument? How could the absence of well-defined...
-
7. FALSE DILEMMA 8. GANDWAGON Definition: Fallacy example: How to revise argument: Definition: Fallacy example: How to revise argument:
-
A firm is planning to manufacture a new product. The sales department estimates that the quantity that an be sold depends on the selling price. As the selling price is increased, the quantity that...
-
A manufacturing firm has received a contract to assemble 1000units of test equipment in the next year. The firm must decide how to organize its assembly operation. Skilled workers, at $22 per hour...
-
A grower estimates that if he picks his apple crop now, he will obtain 1000 boxes of apples, which he can sell at $3 per box. However, he thinks his crop will increase by 120 boxes of apples for each...
-
Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month Cash in...
-
Soal 4 Governor Peanut realizes that if he is to win his party's nomination, he must have some means to formulate, analyze, and choose a strategy that his opponent. Senator Papoon can not upset. Hisa...
-
Soal 3 The North American Air Defense Command (NORAD) and The Strategic Air Command (SAC) are participating in a large war-game-exercise. Each will consider the other on opponent. The designated...
Study smarter with the SolutionInn App