Important Points for IC 27 - Health Insurance Exam
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IC-27 Health Insurance Exam Study Material
Health Insurance is a way to distribte the financial risk associated with the variation of individuals health care expenditures by pooling costs over time and over people.
Moral Hazard is mainly related to the insured and sometimes also to the healthcare providers. There are mainly two types of moral hazards: Demand side moral hazard and Supply side moral hazard.
Demand side moral hazard: It works at insureds end. A consumer with a health insurance will make use of and accept more health services than he would have otherwise taken without any health insurance.
Supply side moral hazard: It works at the end of Health providers. They start suggesting and providing more health services as well to more expensive treatment to the person having health insurance.
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