1 Thought on How do insurance problemes attempt to reduce the moral hazard problem?
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    October 30, 2011 at 3:35 am

    Insurance PROBLEMES don’t attempt to reduce morale hazard problem.

    Insurance POLICIES attempt to reduce it, with copays, deductibles, warrants, and exclusions.

    And if you want to pass the test, you’ll STILL have to know WHY those work that way. And what the difference is between them.

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