MAT 205 Ashford University Calculations of Health Care Expenses Discussion
Question Description
Describe how you arrived at your solutions. Showcase your critical thinking skills and include supporting detail to back up your conclusions.
- Your initial post should be at least 250 words in length. It should show all the required math work and explain all the steps. Also include a simple reference for any used resource. For example: Washington Post dated August 13, 2018 or retrieved from <url-address>.
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- Assume that you have a relatively simple health insurance plan with the following provisions:
The annual deductible is $500. The insurance company pays 100% of all costs after deductible andco-payments- Office visits require a co-payment of $25.
- Emergency room visits have a $200 co-payment.
- Surgical operations have a $1000 co-payment.
- You pay a monthly premium of $350.During a one-year period, your family has the following expenses:
- February 18: Office visit $100 (total cost before insurance)
- March 26: Emergency room $580 (total cost before insurance)
- April 23: Office visit $100 (total cost before insurance)
- May 14: Surgery $6500 (total cost before insurance)
- July 1: Office visit $100 (total cost before insurance)
- September: 23 Emergency room $840 (total cost before insurance)Based on the above information, complete the following. Show your math calculations.
- What is the current status of federal law in the U.S.A. regarding health insurance?
- Has the law changed since the Affordable Care Act was passed in 2010? If so, explain.
- Assume that you have a relatively simple health insurance plan with the following provisions:
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