The moral hazard problem created when consumers acquire health insurance leads them to

Question

Quizplus · Accepted Answer

The moral hazard problem created by health insurance means that consumers feel protected and are more likely to consume more healthcare services. Since they do not bear the full cost of their healthcare, they tend to be less cautious and overuse healthcare services. Therefore, the correct answer is option B: "consume more healthcare services."

The Moral Hazard Problem Created When Consumers Acquire Health Insurance