**Please show all work and explain throughly**

1. Determine the premium rate for a group (1000 members) given the expected utilization shown below and a 15% load factor (to cover administrative expenses and profit).

1.Determine the premium rate for a group (1000 members) given the expected utilization shown below and a 15% load factor (to cover administrative expenses and profit) Annual Co-pay Co-payment Co-pay Net Service Med/Surg Days 3130 $1000 ICU Days Physician Visits 3000 $100 OIP Surgery 600 $600 ER Lab/X-ray Frequency Cost PMPM Frequency Amount PMPM PMPM 2400 300 3000 $30 $25 $10 $50 $10 -0 400 $2000 500 $500 1500 $125