36. A few years ago, there was a significant debate as to the effectiveness of providing an outpatient prescription drug benefit to the Medicare population. While better access to outpatien= prescription drugs for the elderly could produce a cost savings to the Medicare program due to reduced hospital length of stays (LOS), and outpatient and emergency room visits, some argue that by providing such a benefit, we will witness "a moral hazard effect." This implies: a. Medicare patients will use less prescription drugs when their out-of-pocket expenses are lower. Ob. Medicare patients will use more prescription drugs when they are partially or fully insured.

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Moral Hazard

The moral is a person's behavior towards himself /herself, society, organization, and others. Hazard is something that is happening and is not good. A person may be morally good or bad. It depends on his attitude, ethics, integrity, and values. A person may have the highest reverence for money to that for the truth. In this case, the person may lie and it is said that the person is morally bad.