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Word Count: 420
Co-pay and Moral Health What is Moral Hazard Moral Hazard is a change of demand or behavior due to the increase or decrease in the price of health insurance Five reasons 5 why moral health occurs If there is a small co-pay or no co-pay consumers will take advantage of these circumstances and use excess services they may not need 1 When employees have a monthly fee payment to maintain their insurance this creates a competitive market2 however the risk in the population being insured is taken 3 When having a co-pay the patients own thoughts are Dr visit all cost 1000 or nothing when in fact the price is there 4 making them unaware of price and services performed could be a high rate provider or a low rate provider 5 Raising co-pays is an issue that is debated mainly among the insurance and consumer Our insurance price will remain the same however the cost of co-pays will be increase by 1000 for visits labs and medications where the words of the Human Resource Director in July 2001 at my place of employment This of course did not affect me since I was no longer a full-time employee but I did see a concerning reply in several employees who utilize medical services for their health They debated on my a monthly increment was not performed rather than a increase for every single service while other employees who dont use as many services wanted to maintain the monthly fixed price and increase in co-pay Analyzing both points of views is understandable but seeing it at a closer perspective it seems that the insurances can increase the price to decrease medical services of their consumers and increase their profits This is where Moral Hazard take an important role since it is not necessarily decreasing services but increasing price decreases and demand as well as satisfaction to want to receive more services These responses are
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