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Define moral hazard (in and out of healthcare) and give an original example. Do you agree with this concept of moral hazard, explain your answer?

Define moral hazard (in and out of healthcare) and give an original example. Do you agree with this concept of moral hazard, explain your answer?

I am looking for as layman terms as you can get. I do not need the answers. I need to understand it more clearly. Pretend I am Michael Scott and break it down for me please!

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