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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (68090)	5/23/2008 8:20:40 PM
From: Lane3	Read Replies (2) \| Respond to of 543184

pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. Since you're taking an interest in him, you might want to look at the concept of moral hazard in the context of single-payer. It's key to my concerns about it, as I've argued many times. Moral hazard From Wikipedia, the free encyclopedia Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not bear the full consequences of its actions, and therefore has a tendency to act less carefully than it otherwise would, leaving another party to bear some responsibility for the consequences of those actions.