COMPARE THE MAXWELL AND PAULY ARTICLES ON MORAL HAZARDMoral Hazard clip and articles (Gladwell versus Pauly): Compare the Gladwell and Pauly perspectives on moral hazard. Do you think health care is subject to moralhazard? In other words, do consumers demand more health care when they have health insurance and don’t have to pay for the care out of pocket? Have you ever wantedto go to the doctor when nothing was wrong with you? When might consumers demand more care than they should? As a society, do we want consumers to be able to receiveall health care that they demand? Do we care about the costs to the health care system?Writing is a very important component on this course. So, every other week (due Weeks 2, 4, 6, and 8 by midnight that evening), you must answer a short-essayquestion (about 500 to 750 words) related to the readings. On the other weeks (due Week 3, 5, 7 and 9 by midnight that evening), you must post a comment/reply to atleast two other students’ short essays by the following week.A comment should consist of a thoughtful response to the student essay and should be at least a half page (about 250 words) per comment. Comments with no substancewill not be counted toward your grade. This means that if you submit two comments, but one without any substance, you will only receive half credit for that week’sassignment. If both comments have no substance, you will receive no credit.HSMG 301 HEALTH ECONOMICSLecture 2