What is the moral hazard associated with third party payment for health services
A) The recipient of the service is not as informed as the provider of the service.
B) The recipient of services tends to decline more services than they should.
C) The recipient of services tends to have more services than what is needed relative to the efficient level of services.
D) There is no moral hazard.
Correct Answer:
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Q24: A third-party payment system for health care:
A)
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