Suppose that a consumer has a health insurance program with $10 co-payment per doctor visit. If the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the cost per visit paid by a third party is:
A) $40.
B) $50.
C) $60.
D) $70.

Question

Quizplus · Accepted Answer

The total bill for 6 visits is $360, so the cost per visit is $360/6 = $60. The consumer pays a $10 co-payment per visit, so the third party pays $60 - $10 = $50 per visit.

Suppose That a Consumer Has a Health Insurance Program with $10