Short Answer Bill’s new insurance policy contains a prescription plan that provides all drugs through a local pharmacy w

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Short Answer
Bill’s new insurance policy contains a prescription planthat provides all drugs through a local pharmacy with a $2copayment (the amount charged the patient per prescription filled).Under the old insurance plan, Bill had to pay for his ownmedication and purchased 9 inhalers at $17 apiece to help controlhis asthma. With the new plan, Bill purchases 15 inhalers, keepingsome of the spares in his glove compartment and desk, since he onlyhas to pay a $2 copayment for each one.
What is the change in consumer surplus from the old plan to thenew plan?