Once again I am cross-posting previous posts from my blog. This one takes previous posts I have done in regards to the "moral hazard" arguments put forth by conservatives and private health insurance companies in opposition to National and Universal Health Care and critiquing them. I suspect that the new Michael Moore movie SiCKO has brought out all the old, tired arguments out into the open again. I have noticed the "moral hazard" arguments making the rounds on blogs arguing against universal health care coverage.
From Wikipedia:
In law and economics, moral hazard is the name given to the increased risk of problematical (immoral) behavior, and thus a negative outcome ("hazard"), because the person who caused the problem doesn't suffer the full (or any) consequences, or may actually benefit. Such a concern typically arises in the context of a contract (for example, an insurance policy).
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