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

d) $3,000

Step-by-step 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