Asked by
William Krogsdale
on Nov 26, 2024Verified
Sam decides to join the Gigantic State University's rugby team when he learns that his health insurance will pay for any subsequent injury. This illustrates
A) the diagnosis-related-group system.
B) a "pay or play" system.
C) the moral hazard problem.
D) the Coase theorem.
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for health expenses.
Incentive
A benefit, reward, or cost that motivates individuals or entities to act in a particular way.
Rugby Team
A group of players assembled to participate in rugby matches, typically consisting of fifteen players in union or thirteen in league formats.
- Recognize the difficulties and consequences of the availability of health insurance on health care demand and costs.
Verified Answer
SC
Learning Objectives
- Recognize the difficulties and consequences of the availability of health insurance on health care demand and costs.