To what extent was government intervention in the market for insulin in America in 2023 – 2024 effective?

September 3, 2024September 3, 2024 Discipline: Economics

This research paper is my Extended Essay in the IB curriculum. It is based off of the economic concept of government intervention and to what extent it was effective in the market for insulin during the time period of 2023 – 2024. I want it to focus on how different forms of government intervention such as taxation, subsidies, price controls and regulations were effective in the market for insulin during the time period of 2023 – 2024. The effectiveness of the different forms of government intervention as well as how it was reacted to by consumers and producers in America and the economy as a whole should be focused on as well. The topic should be explored in depth and the history of the topic should be explored as well in an economical context- if there was any form of governent intervention in the beyond the time period mentioned and how effective it was and how it affected the economy and relevant parties. 

Here are some links that I found as secondary research : 

1. https://www.forbes.com/sites/sallypipes/2024/08/19/this-bipartisan-bill-would-upend-americas-pharmaceutical-industry/

2. https://www.pbs.org/newshour/show/new-law-caps-insulin-prices-for-some-with-diabetes-but-cost-remains-high-for-millions

-If other articles are used they should be within the time period mentioned above of 2023 – 2024. Any research from government websites should not be older than 2020. 
-Any research should be cited and a bibliography should be mentioned at the end of the essay. No A.I should be used preferably, if used it should be cited clearly. 
-There should be different sections within the essay and subsections and there should be a table of contents after a title page with word count

– There should be a clear cut introduction going in depth about the history of the topic and what the essay will traverse upon. As well as a clear cut conclusion to the whole essay. 

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