Because of the moral hazard problem, a-the government has increased incentive to regulate insurance markets. b-low-risk individuals do not choose insurance. c-the costs of providing insurance decreases. d-full insurance may no longer be efficient.
Because of the moral hazard problem, a-the government has increased incentive to regulate insurance markets. b-low-risk individuals do not choose insurance. c-the costs of providing insurance decreases. d-full insurance may no longer be efficient.
Chapter7: The Market For Health Insurance
Section: Chapter Questions
Problem 11QAP
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Because of the moral hazard problem,
a-the government has increased incentive to regulate insurance markets.
b-low-risk individuals do not choose insurance.
c-the costs of providing insurance decreases.
d-full insurance may no longer be efficient.
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