SOLUTION: Medicaid spending. The cost in billions of dollars for
federal Medicaid (health care for the poor) can be modeled
by the equation
C = 3.2n + 65.3,
where n is the number of year
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Question 275365: Medicaid spending. The cost in billions of dollars for
federal Medicaid (health care for the poor) can be modeled
by the equation
C = 3.2n + 65.3,
where n is the number of years since 1990 (Health Care
Financing Administration, www.hcfa.gov).
a) What was the cost of federal Medicaid in 2000?
b) In what year will the cost reach $150 billion?
c) Graph the equation for n ranging from 0 through 20.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Medicaid spending. The cost in billions of dollars for
federal Medicaid (health care for the poor) can be modeled
by the equation
C = 3.2n + 65.3,
where n is the number of years since 1990 (Health Care
Financing Administration, www.hcfa.gov).
a) What was the cost of federal Medicaid in 2000?
C(10) = 3.2*10 + 65.3
C(10) = 32 + 65.3
C(10) = 97.3
-------------------------------------
b) In what year will the cost reach $150 billion?
150 = 3.2n + 65.3
3.2n = 84.7
n = 26.4
1990+26.4 = 2016.4
---
Rounding up Ans = 2017
-------------------------------------
c) Graph the equation for n ranging from 0 through 20.
=====
Cheers,
Stan H.
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