Consumer save by getting the best price

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Prices for a medical procedure average $1,000 and range from $800 to $1,200. How much could a consumer paying full price save by getting the best price? Suppose that insurance is responsible for 75 percent of the consumer’s spending and that out-of-pocket spending is limited to $250. How much could the consumer save by getting the best price?

Reference no: EM131093181

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