An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
Answer (2)
Lower the monthly premium to make the plan more attractive.
Increase co-pay amounts to offset the lower premium.
Offer incentives for preventative care to reduce long-term costs.
Model the financial impact on both the company and members to find the optimal balance.
Explanation
Understanding the Goal Leroux Health Insurance wants to make healthcare more affordable without raising plan prices. They can adjust premiums and co-pays to achieve this.
Adjusting Premiums and Co-pays One option is to lower the monthly premium but increase co-pays. This shifts some costs to when people actually use healthcare services.
Example Adjustment For example, they could reduce the monthly premium by $20 to $228.00. To compensate, they might increase the co-pay for brand-name prescriptions by $10 to $45.00 and generic prescriptions by $5 to $20.00. Primary care visits could increase by $5 to $45.00, and specialist visits by $10 to $70.00.
Impact on Insured Individuals This approach benefits those who rarely need prescriptions or doctor visits, while those who frequently use these services pay more per visit but less overall due to the lower premium.
Incentives for Preventative Care Another strategy is to offer incentives for preventative care, such as free annual check-ups. This can reduce the need for more expensive treatments later.
Financial Modeling Ultimately, Leroux needs to model the financial impact of each potential change on both the company and its members to find the optimal balance.
Examples
Health insurance companies use these strategies to balance costs and affordability. For instance, a company might lower monthly premiums to attract more customers while adjusting co-pays to manage expenses. This is similar to how a gym might offer a cheaper monthly fee but charge extra for classes or personal training. By understanding these trade-offs, individuals can choose plans that best fit their healthcare needs and budgets.
A device delivering 15.0 A for 30 seconds results in a charge of 450 coulombs. This charge corresponds to approximately 2.81 x 10^21 electrons flowing through the device. The calculations involve using the formula for current and the charge of a single electron.
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