Problem
V333ILOVEECON is a grade-saving medication for students in DHA Health Economics courses. A four-week supply averaged $10,000 for privately insured patients in the United States in 2022. In Switzerland, the price was $2,500.
a) Why might the prices be so different?
b) Should the government intervene to reduce the price? (Answer from an economic point of view - show me the money!)
c) How might the government intervene?