What Would Be the Out-Of-Pocket Cost to an Individual Whose

question 75

Multiple Choice

What would be the out-of-pocket cost to an individual whose health care policy includes a 20% co-pay for all long-term illnesses? The policy has a stop-loss provision of $40,000. A current long-term illness has resulted in total expenses of $250,000.

• A) $8,000
• B) $40,000
• C) $50,000
• D) $210,000

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Definitions:

Labor Productivity

A gauge of economic productivity that determines the output of goods and services for every hour worked.

U.S. Labor Productivity Growth

The increase in the amount of goods and services produced per hour of labor in the United States over time.

U.S. Productivity

Refers to the efficiency of labor and production processes in the United States, often measured as output per hour worked.

Constant Annual Rate

A rate of growth that is uniform from year to year, often used in economic forecasts and analysis to smooth out fluctuations and provide a clear trend.