Question

In: Economics

Which type of medical intervention can partly offset the effects of moral hazard after insurance is...

Which type of medical intervention can partly offset the effects of moral hazard after insurance is acquired?

facelift
preventative care
breast implants surgery
nose lift
none of the above

Solutions

Expert Solution

"Preventive care"

It will reduce the chances of the person getting seriously sick and reduce the direct effect the insurance company will face in case of a moral hazard.


Related Solutions

Moral hazard can be a significant problem in countries with national health insurance, but national insurance...
Moral hazard can be a significant problem in countries with national health insurance, but national insurance can be popular partly because it can solve the problem of adverse selection. True False
1) Demand for medical care and moral hazard: Some argue that providing full insurance for routine...
1) Demand for medical care and moral hazard: Some argue that providing full insurance for routine mental health care will not significantly enhance social welfare and will lead to large social loss from moral hazard. a) Using a graph and a few sentences, explain why providing full insurance for routine mental health care may lead to large social loss from moral hazard. Would you make the same argument for emergency mental health care? Explain in 1-2 sentences and show on...
Which of the following is a positive impact of moral hazard through insurance? Group of answer...
Which of the following is a positive impact of moral hazard through insurance? Group of answer choices choosing the most expensive treatment but is as effective as a cheaper alternative income effect ok to engage in riskier behavior choosing the most expensive treatment which is less effective than a cheaper alternative
Explain the moral hazard problems associated with (1) deposit insurance and (2) insurance companies. How can...
Explain the moral hazard problems associated with (1) deposit insurance and (2) insurance companies. How can they be overcome?
Discuss How moral hazard exists in insurance markets.
Discuss How moral hazard exists in insurance markets.
Why do you think that moral hazard exist in insurance markets and how it can be...
Why do you think that moral hazard exist in insurance markets and how it can be reduced?
Which of the following is NOT an example of moral hazard?
Which of the following is NOT an example of moral hazard? a. a person buys insurance only after finding out that he or she is at high risk. b. a person is less careful about driving after purchasing collision insurance. c. an unemployed worker stays unemployed an extra week, collecting more unemployment insurance, even though a job is available. d. a person only goes to the doctor after finding out that the visit will be covered by insurance. 
1. Why do you think that moral hazard exist in insurance markets and how can it...
1. Why do you think that moral hazard exist in insurance markets and how can it be reduced?
Is moral hazard likely to be a bigger problem in the health insurance market or the...
Is moral hazard likely to be a bigger problem in the health insurance market or the life insurance market?
How does Moral Hazard affect the demand for health insurance?
How does Moral Hazard affect the demand for health insurance?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT