Health insurance induces consumers to adopt less prevention and overconsumption of health care.

Name: Health insurance induces consumers to adopt less prevention and overconsumption of health care.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This phenomenon is known as "moral hazard," where individuals with health insurance may engage in riskier behaviors or consume more healthcare services than they would if they were paying the full cost out-of-pocket, because they do not bear the full cost of their actions.

Health Insurance Induces Consumers to Adopt Less Prevention and Overconsumption