Question

Define moral hazard and provide examples in healthcare.

Define moral hazard and provide examples in healthcare.

Homework Answers

Answer #1

Moral hazard is a situation which arises when one person takes more risks or engages in more risky behavior because they know that the other person would bear the cost of that risk or consequences of that behavior.

In health care industry, moral hazard situation may arise after health insurance as person who is insured may behave in a risky manner or engage in risky activities after getting insured knowing before hand that any consequence or cost would be beared by insuring party.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Define and discuss each of the following: the moral hazard problem and the law of diminishing...
Define and discuss each of the following: the moral hazard problem and the law of diminishing control. Provide an example of the moral hazard problem from the 2008 financial crisis.
Name 2 examples of moral hazard that has been found by researchers with the Unemployment Insurance...
Name 2 examples of moral hazard that has been found by researchers with the Unemployment Insurance social insurance program.
Referring to the economy. Define the term moral hazard problem and describe an example of a...
Referring to the economy. Define the term moral hazard problem and describe an example of a moral hazard problem in the credit market or in the banking and insurance sector. Explain why your salary is endogenous? Endogenous to which factors, specifically? The wage of a Starbucks employee in Chicago, USA, is higher than a Starbucks employee in Queretaro, Mexico. Let's assume that there are no differences in labor productivity (technologies are the same and the workers are equally efficient). Why...
Define ‘financial market’. How (a) moral hazard and (b) adverse selection can affect financial market stability?...
Define ‘financial market’. How (a) moral hazard and (b) adverse selection can affect financial market stability? – Explain
What is moral hazard? Identify 2 regulations in the Frank-Dodd Act that affects moral hazard behavior...
What is moral hazard? Identify 2 regulations in the Frank-Dodd Act that affects moral hazard behavior of banks. Explain how each one increases or decreases the moral hazard problem. Be specific. Vague answers get less points.
What is moral hazard? Do you think it is reasonable to utilize co-payments and deductibles to...
What is moral hazard? Do you think it is reasonable to utilize co-payments and deductibles to deter over-utilization of healthcare? Please explain why/why not.
Topic: Moral hazard/adverse selection confusion A researcher may have difficulty separating moral hazard from adverse selection....
Topic: Moral hazard/adverse selection confusion A researcher may have difficulty separating moral hazard from adverse selection. Use an example to show why this may be the case.
In your own words: a) Define "data hazard" b) Define "control hazard"
In your own words: a) Define "data hazard" b) Define "control hazard"
Moral hazard affecting employees and the organization in Target company
Moral hazard affecting employees and the organization in Target company
Sometimes moral hazard are efficient and socially beneficial. Give an example.
Sometimes moral hazard are efficient and socially beneficial. Give an example.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT