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  3. which of the following statements about moral haza

Which of the following statements about moral hazard is mostcorrect? Moral hazard means that individuals...

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Economics

Which of the following statements about moral hazard is mostcorrect? Moral hazard means that individuals with greater healthrisks are more likely to purchase health insurance. Unfortunately,there is nothing that insurers can do to combat the moral hazardproblem other than increase premium rates. Moral hazard is theoveruse of healtheare services of foregoing of prevention becausethe insured individual does not bear the full costs of theconsequences. Businesses that provide health insurance reduce themoral hazard problem by limiting the program to employees under age50.

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