How do higher deductibles act to reduce moral hazard problems, especially for small medical…

1. Is it inefficient that the United States spends a larger fraction of income on health care than the fraction spent by other countries?

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2. How do higher deductibles act to reduce moral hazard problems, especially for small medical expenses?

3. Why do both adverse selection and moral hazard mean that “lunch insurance,” which would pay for lunch if you choose to eat it, is never likely to be a commercial success?