Homework Help is Here – Start Your Trial Now!
Business
Economics
What could the community, state, or national government do to help workers like Mary? How could the community, state, or national government help Mary’s company promote healthy behaviors?

What could the community, state, or national government do to help workers like Mary? How could the community, state, or national government help Mary’s company promote healthy behaviors?

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 16RQ: What is the key difference between a fee-for-service healthcare system and a system based on health...
See similar textbooks
icon
Related questions
Question

9. What could the community, state, or national government do to help workers like Mary? How could the community, state, or national government help Mary’s company promote healthy behaviors?

Health Care on Minimum Wage Worksheet Example: Mary's Bi-Weekly Minimum Wage Paycheck in Arizona Earnings Rate Hours This Pay Year To Date Period Regular $5.85 80 $468 Gross Pay $468 $11,232 Deductions Federal Income $40.20 Тах Social Security $29.02 Тах $6.79 $4.02 Medicare Taх State Income Таx Health $26.54 Insurance Net Pay $361.43 $8,674.32
Transcribed Image Text:Health Care on Minimum Wage Worksheet Example: Mary's Bi-Weekly Minimum Wage Paycheck in Arizona Earnings Rate Hours This Pay Year To Date Period Regular $5.85 80 $468 Gross Pay $468 $11,232 Deductions Federal Income $40.20 Тах Social Security $29.02 Тах $6.79 $4.02 Medicare Taх State Income Таx Health $26.54 Insurance Net Pay $361.43 $8,674.32
Mary's Story: Mary is a high school graduate who decided to take a few years to work before entering college. She is no longer eligible for her parent's insurance and has signed up for her company's PPO health insurance plan. She pays $637 per year for her insurance premium, and has a $400 yearly deductible. After she meets the deductible, her insurance will cover 80% of any treatment, while she will be responsible for 20% of the treatment. Her doctor visit co-pay is $15, her emergency room co-pay is $75, and her hospital co-pay is $100 for pre-approved admissions. Her co-pays for prescription medications are $11 for generic drugs and $24 for preferred drugs. Mary does not get paid time off work. Mary has two roommates, and her share of the rent and utilities comes to $300 per month. Because she owns a used car, she has no monthly car payment, but she does pay $80 per month for car insurance and an average of $120 per month for gas, bringing her average monthly раy expenses to $500.
Transcribed Image Text:Mary's Story: Mary is a high school graduate who decided to take a few years to work before entering college. She is no longer eligible for her parent's insurance and has signed up for her company's PPO health insurance plan. She pays $637 per year for her insurance premium, and has a $400 yearly deductible. After she meets the deductible, her insurance will cover 80% of any treatment, while she will be responsible for 20% of the treatment. Her doctor visit co-pay is $15, her emergency room co-pay is $75, and her hospital co-pay is $100 for pre-approved admissions. Her co-pays for prescription medications are $11 for generic drugs and $24 for preferred drugs. Mary does not get paid time off work. Mary has two roommates, and her share of the rent and utilities comes to $300 per month. Because she owns a used car, she has no monthly car payment, but she does pay $80 per month for car insurance and an average of $120 per month for gas, bringing her average monthly раy expenses to $500.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Contractual Hazards
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
EBK HEALTH ECONOMICS AND POLICY
EBK HEALTH ECONOMICS AND POLICY
Economics
ISBN:
9781337668279
Author:
Henderson
Publisher:
YUZU
SEE MORE TEXTBOOKS