Insurance co-pays and deductibles are methods used by insurance companies to reduce moral
hazard.

Name: Insurance co-pays and deductibles are methods used by insurance companies to reduce moral hazard.
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Question

Quizplus · Accepted Answer

Insurance co-pays and deductibles require the insured to share in the cost of medical services, which reduces the likelihood of overusing and abusing the insurance benefits, thus reducing moral hazard.

Insurance Co-Pays and Deductibles Are Methods Used by Insurance Companies