Friday, November 21, 2008

An Interesting Chart - Is There One Like This for Drug Prices?

The following is a chart of gasoline prices since the 1950s and 60s.

"Oil prices go up, gas prices at the pump go up, everybody goes into a flurry of activity," said President-elect Obama. "And then the prices go back down and suddenly we act like it's not important," he said during a television interview. "As a consequence, we never make any progress."

I don't know if there is a similar kind of chart for drug prices. In terms of "inflation adjusted" dollars, are we paying more for drugs today than we did, say, in 1993 when Hillary Clinton first tried to implement universal coverage? Just speculating. Nice chart anyway.

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