Question

A surgeon charges $5,000, which just equals his cost. Your insurer pays $3,000. You pay the balance and have travel costs of $1,000. From your perspective, the cost of the surgery is:a) $9,500. b) $9,000. c) $5,000. d) $3,000

Answer 1

Answer:

d) $3,000

Explanation:

Assuming that there are no activation costs for this insurance policy. The total cost from the patient's perspective is given by the amount charged by the surgeon ($5,000) plus the travel costs ($1,000) subtracted by the amount covered by the insurance ($3,000).

$C = (\ 5,000+\ 1,000) - \ 3,000\\C= \ 3,000$

From your perspective, the cost of the surgery is d) $3,000