Insurance companies can reduce the moral hazard problem

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Reference no: EM131071587

One way that insurance companies can reduce the moral hazard problem is to:

a. engage in genetic testing to determine who is more likely to be high risk.

b. insure only customers with good morals.

c. make insurance customers pay a deductible before the company pays on a claim.

d. eliminate copayments on insurance claims.

Reference no: EM131071587

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