Question

Be sure to explain your position and justify your responses. Provide 3 references What Would You Recommend if You Were a Member of the US Government’s Oversight Committee? 1. The price rise is legal, but I don’t like it. It’s price gouging and needs to be stopped. I would advocate for a national policy that regulates the pricing of specialty drugs like Daraprim. 2. Our economy is based on capitalism and Shkreli is not breaking any laws. The government should leave market forces to operate on their own. 3. I think Shkreli is trying to maximize profits while also being a servant-leader. After all, he says he wants to reinvest the profits into additional research and development. I think we should establish a policy that allows makers of specialty drugs like Turing a reasonable profit. This can be computed by considering the average levels of profit obtained at other drugmakers. 4. Invent other options.

Answer 1

Answer: 1^st Option

If I were a Member of the US Government’s Oversight Committee, then I would prefer below option as

1.The price rise is legal, but I don’t like it. It’s price gouging and needs to be stopped. I would advocate for a national policy that regulates the pricing of specialty drugs like Daraprim.

My position as a member of the US Government’s Oversight Committee, is to ensure that the pricing process being planned and being circulated for followed by people, should be adequate and reasonable for the people of the US. So I would prefer to ensure that pricing process being worked out should be reasonable and genuine and should drive the market sale and purchases appropriately. This pricing should not be supporting for any groups and should be logical and reasonable for all people in the state. So I would like to review the pricing process of the Government and should be improved so that it looks reasonable and genuine for the sake of people in the states. The advocating for the national policy will be the best approach, as it will facilitate the easiness for all people and all people will not face any major issues in the presence of the national pricing policy.

References:

1. Wilson, W. (2017). Congressional government: A study in American politics. Routledge.

2. Saalfeld, T. (2000). Members of parliament and governments in Western Europe: Agency relations and problems of oversight. European Journal of Political Research, 37(3), 353-376.

3. Weaver, R. K., & Rockman, B. A. (Eds.). (2010). Do institutions matter?: government capabilities in the United States and abroad. Brookings Institution Press.