Moral Hazard and Welfare Losses Embedded in the Framework of the Medical Insurance System
As a significant factor that erodes the overall provision of health insurance benefits, moral hazard is essentially an opportunistic behavior embedded within the framework of the health insurance system. The occurrence of moral hazard in the field of health insurance is influenced by specific economic and social conditions and is also highly causally related to certain institutional structures. The widespread presence of moral hazard not only results in the marginal benefits of medical services being far lower than their marginal costs but also objectively leads to serious welfare losses in healthcare security.
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