What Is the Moral Hazard Associated with Third-Party Payment for Health

question 1

Multiple Choice

What is the moral hazard associated with third-party payment for health services?

• A)The recipient of services 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.

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A retail or online business that specializes in selling electronic gadgets, computers, and other technological equipment.

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The act of giving or contributing to a cause voluntarily without expecting anything in return.

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A legal term that grants the creator of original work exclusive rights to its use and distribution, often for a limited time.