1. You have a minor medical policy with a $500 deductible and 80/20 coinsurance (co-pay) feature with a CAP of $15,000. If you incur a $50,000 medical bill, much much of the bill will be paid by your insurance?
2. United Cut and Scab is a large, profitable consumer products company. After being taken over in a leveraged buyout (LBO), they cease their common practice of merging with small, R&D oriented biotech firms. Why? Hint: What was their pre-LBO reason for merging with those small R&D firms?