Problem
One insurance plan costs $100 a month and has a $50 co-payment for all services. Another insurance plan costs $50 a month and requires patients to pay a 15% co-insurance. A customer is trying to decide which plan to purchase. Which plan would the customer select with an anticipated $200 per month in medical bills? What about $600 per month in medical bills? Set up an equation to determine the monthly amount of medical expenses at which the consumer would be indifferent between the two plans.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.