Deductibles, copayments, and coinsurance are all ways in which insurance companies can address the problem of moral hazard.

Question

Quizplus · Accepted Answer

Deductibles, copayments, and coinsurance require the insured to share in the cost of healthcare services, which can reduce overutilization and mitigate the problem of moral hazard by giving individuals a financial incentive to consider the cost before seeking care.

Deductibles, Copayments, and Coinsurance Are All Ways in Which Insurance