Chapter 15, Problem 12AY

Summary Introduction

To determine: If Person X reads the labels with care before purchasing over-the-counter medications.

Introduction:

Health insurance will pay the buyer of the insurance for the health care services undertaken by them. Whatever medical treatment is undergone, the insurance carrier will cover for the charges incurred by the buyer. At first, the buyer of the insurance will have to pay some percentage of amounts in the hospital. On submission of the bills, the insurance carrier will settle the appropriate amount.