Concept information
...
health and social care
health care quality, access, and evaluation
health services research
health insurance
Preferred term
moral hazard
Definition
- Moral hazard arises in implicit and contractual relationships in which one party behaves differently because of the relationship, and these actions improve one party's utility but have a negative consequence for the other party. In healthcare, moral hazard is most commonly associated with insurance, where the purchase of health insurance induces an increase in the likelihood of a loss covered by the insurance policy, the size of the loss, or both the likelihood and size of the loss. [Source: Encyclopedia of Health Services Research; Moral Hazard]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/moral_hazard
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}