Economists describe a moral hazard as individuals tendency to take greater risks when they believe they will not bear the full cost of their actions. Some may be less careful driving, for instance, if they know that their insurance provider will cover the potential accidents, while the uninsured will drive with more caution. A recent study similary suggests a correlation brtween greater access to Narcan and a rise in opioid use. In your opinion, should the concept of moral hazard affect public policy? If so, what are the relevant factors policymakers should consider in assessing questions of public safety and the individual responsibility?
