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Eight different strategies are identified: There are a number of ways to reduce moral hazard, including the offering of incentives, policies to prevent immoral behavior and regular monitoring. Of the methods for controlling moral hazard have potential advantages and disadvantages. This report recommends a policy framework for addressing the systemic and moral hazard risks associated with. Unbalanced or unequal information is at the foundation of. And get to know your representatives. As a result, cost sharing reduces the gap between the total marginal. One party has an incentive to minimize the costs and risks, whilst the other. When a person believes they are likely to die, they might be motivated to purchase insurance coverage. As noted, insurance companies use deductibles, copayments, and coinsurance to try and reduce the effect of moral hazards on health insurance.