Calculating zero inflation when drug costs rose from $100 to $36,000
A paper by Claudio Lucarelli and Sean Nicholson (2009) examines the skyrocketing cost of colorectal cancer treatment. In 1993, the price of treating these patients with chemotherapy was only $100. By 2005, this price had skyrocketed to $36,000. Is this what is wrong with our health care system? The authors claim that the answer is…