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1. Calculating the Effect of Inflation on Health Care Costs. Recently, per capita spending on...

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Finance

1. Calculating the Effect of Inflation on Health Care Costs. Recently, per capita spending on health care in the United States was about $8,000. If this amount increased by 5 percent a year, what would be the amount of per capita spending for health care in 10 years?

2.Calculating the Amount of Reimbursement from an Insurance Company. The Kelleher family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a $500 deductible per person. If one family member has doctor and prescription medication expenses of $1,100, what amount would the insurance company pay?

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