Wrong. A moral hazard is when you are incentivized to increase risk *because* you won't bear costs from it. In this case, going about your life because you aren't the one likely to die of covid. Or when you get bullshitted into thinking you're safe and go back to work anyway.
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It's about the idea that an insurance company has a moral responsibility not to issue insurance policies that cause the level of risky behavior to go up Originally applied to people burning down buildings to commit insurance fraud
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I remember it being applied to bailing out banks back in 2008 as well, since it shielded them from bankruptcy and passed the cost directly back to the people the bank was preying on.
End of conversation
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