The Ideal Health Level (IHL) theory of health insurance is consistent with which statement? Group of...

The Ideal Health Level (IHL) theory of health insurance is consistent with which statement? Group of answer choices:

a) having insurance may not cause moral hazard if the ideal quantity (IHL) is below quantity of health care demanded without insurance

b) having insurance may not cause moral hazard if the ideal quantity (IHL) is above quantity of health care demanded without insurance

c) having insurance will always cause a moral hazard

d) all care is preventative

Expert Solution

Answer: a. Having insurance may not cause moral hazard if the ideal quantity IHL is below quantity of healthcare demanded without insurance.

Explanation: If the healthcare professional charge or insist a patient with insurance to undergo more healthcare for the patients or members with insurance, this causes a moral hazard.

Rahul Sunny answered 2 years ago

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