It’s kind of created by the immoral environment of private insurance, but I would argue someone who doesn’t have health insurance to save a few backs, who can otherwise afford it, and waits until they suddenly have $100k expenses incoming to get insurance is a moral hazard even if they’re going to die.

Imagine there were no private companies but a perfect decentralized blockchain shamwow insurance system that magically worked and distributed all profits back to its participants.

I would think the dying man is committing moral hazard here. But it’s up for debate.

If you do this against a big private insurance company and they lose a penny, it doesn’t sound so bad, but I’m not convinced