Moral Hazard in health care usually refers to the additional consumption of medical care by the insured relative to the uninsured; that’s, as the worth falls to zero, individuals devour extra companies.
Moral Hazard in health care usually refers to the additional consumption of medical care by the insured relative to the uninsured; that’s, as the worth falls to zero, individuals devour extra companies.
1. Moral Hazard in health care usually refers to the additional consumption of medical care by the insured relative to the uninsured; that’s, as the worth falls to zero, individuals devour extra companies. Ought to all of the additional “insurance-related consumption be thought-about waste? why or why not?
2. The implication is that if we elevate costs at the level of service, utilizing deductibles and copayments, we are able to cut back consumption. Is it potential that we are able to cut back it an excessive amount of?
three. To what extent can this technique…Excepting sure sorts of major care from deductibles and copayment…be adopted for different kinds of health care? are there “optimum” copayments for all medical procedures and repair, ones that may discriminate between welfare enhancing versus welfare lowering ethical hazard?
