(Solved):What do economists mean when we talk about the dynamic moral hazard problem in healthcare? How is it related to the static moral hazard problem? View Answer…

 

Question

What do economists mean when we talk about the dynamic moral hazard problem in healthcare?

How is it related to the static moral hazard problem?

 

EXPERT ANSWER

In economics, the problem of moral hazard in health care involves both dynamic and static. in the healthcare sector.

The moral hazard problem in health care refers to the risk involved in the health sector like maintaining standard health care, health care worker strike and many things.

The

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