Problem 17.4

Prices for a medical procedure average $1000 and range from$800 to $1200. How much could a consumer paying full price save by getting the best price? Suppose that insurance is responsible for 75 percent of the consumer’s spending and that out of -pocket spending is limited to $250. How much could the consumer save by getting the best price?

Answer rating: 100% (QA)

Answer The best price would be 800 consumer ... View the full answer