How Much Would Be Owed by the Patient on a $3,000

question 12

Short Answer

How much would be owed by the patient on a $3,000 bill if a PPO uses a discount on charge arrangement wherein the percentage paid to the provider is 70 percent and the patient's co-pay,as specified by the PPO,is 20 percent?
(a)$600
(b)$700
(c)$420
(d)$200

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Definitions:

Very High

"Very High" is an adjective used to describe an extreme or significantly above average level or degree of a certain measure or attribute.

Very Low

A descriptor indicating a significantly below-average quantity, degree, or level.

About Average

Refers to values or outcomes that fall near the middle or mean in a set of data.

Median

The middle value in a list of numbers, which separates the higher half of the data sample from the lower half.