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The out-of-pocket payment as a percentage of the total national health expenditure:

          The out-of-pocket payment as a percentage of the total national health expenditure:
        

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The out-of-pocket payment as a percentage of the total national health expenditure:
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The total national expenditure for health care has been increasing since the year 2000 . For privately insured individuals in the United States, the following models give the total amount spent for health insurance premiums $I$ (in \$ billions) and the total amount spent on other out-of-pocket health-related expenses $P$ (in \$ billions). (Source: U.S. Centers for Medicare \& Medicaid Services, www.census.gov) $I=45.58 x+460.1 \quad$ Total spent on health insurance premiums $x$ years since 2000. $P=10.86 x+191.5 \quad$ Other out-of-pocket health-related expenses $x$ years since 2000. Determine the total expenditure for private health insurance premiums for the year 2008 .

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The total national expenditure for health care has been increasing since the year 2000 . For privately insured individuals in the United States, the following models give the total amount spent for health insurance premiums $I$ (in \$ billions) and the total amount spent on other out-of-pocket health-related expenses $P$ (in \$ billions). (Source: U.S. Centers for Medicare \& Medicaid Services, www.census.gov) $I=45.58 x+460.1 \quad$ Total spent on health insurance premiums $x$ years since 2000. $P=10.86 x+191.5 \quad$ Other out-of-pocket health-related expenses $x$ years since 2000. Determine the total expenditure for other health-related out-of-pocket expenses for the year $2005 .$

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the-total-national-expenditure-for-health-care-has-been-increasing-since-the-year-2000-for-private-4

The total national expenditure for health care has been increasing since the year 2000 . For privately insured individuals in the United States, the following models give the total amount spent for health insurance premiums $I$ (in \$ billions) and the total amount spent on other out-of-pocket health-related expenses $P$ (in \$ billions). (Source: U.S. Centers for Medicare \& Medicaid Services, www.census.gov) $I=45.58 x+460.1 \quad$ Total spent on health insurance premiums $x$ years since 2000. $P=10.86 x+191.5 \quad$ Other out-of-pocket health-related expenses $x$ years since 2000. a. Determine the total expenditure for private health insurance premiums for the year $2010 .$ b. Determine the total expenditure for other health-related out-of-pocket expenses for the year $2010 .$ c. Evaluate the polynomial $I+P$ found in Exercise $57($ a) for $x=10$.

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Transcript

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00:01 In this problem, we're being asked to figure out the total expenditure for private health insurance premiums for the year 2008.
00:07 So notice the two different equations you're given.
00:09 You're given i, which represents the total spend on health insurance premiums in x years since 2000.
00:16 And p represents the out -of -pocket health -related expenses.
00:20 Well, because we're just trying to figure out the total expenditures for private health insurance premiums, this means we're going to use our i equation.
00:27 Remember, i is equal to 45 .58x plus 460 .1, where x is the number of year since 2000...
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