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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