$5 Show more Assume there are two health insurance plans Plan A and Plan B. Plan A $1000 annual premium $5000 annual deductible 50% co-insurance on health care spending between $5000 and $7000

$5 Show more Assume there are two health insurance plans Plan A and Plan B. Plan A $1000 annual premium $5000 annual deductible 50% co-insurance on health care spending between $5000 and $7000

25% co-insurance on health care spending between $7000 and $10000 Full insurance on health care spending above $10000 Plan B $5000 annual premium No deductible 50% co-insurance on health care spending up to $5000 25% co-insurance on health care between $5000 and $10000 Full insurance on health care spending above $10000 A) If you expect to spend $6000 on health care this year. Which plan would be best for you? Show your work. B) Thinking about the best interests of society what is your opinion on which plan is best for the average citizen? Defend your opinion by discussing the optimal amount of care to use affordability and the insurance value of health insurance. Show less

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