escription eyeglasses, and accidents and future illnesses (such as broken bones, pneumonia, or cancer). he has been paying for all his medical expenditures out of pocket and he is now considering purchasing health insurance. different plans he is considering offer coverage for different types of expenditures, including vision and hospital benefits. a. (4 points) describe the consumption-smoothing benefits and moral hazard costs of coverage for prescription eyeglasses b. (4 points) describe the consumption-smoothing benefits and moral hazard costs of coverage for accidents and future illnesses.
