Medical Services Expenditures by Disease: Other: Diseases of the Blood and Blood-Forming Organs Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: other: diseases of the blood and blood-forming organs price index, meps account basis over time.
Latest Value
139.58
Year-over-Year Change
55.52%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Other: Diseases of the Blood and Blood-Forming Organs Price Index, MEPS Account Basis tracks changes in the prices paid for medical services related to blood and blood-forming organ diseases. This index is a key indicator for healthcare costs and can inform policymakers and analysts about price trends in this important medical category.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index measures the change in prices for a variety of medical services and supplies related to diseases of the blood and blood-forming organs. It is calculated on a Medical Expenditure Panel Survey (MEPS) account basis, which provides a comprehensive view of healthcare costs. Economists and policymakers use this index to analyze healthcare inflation and assess the impact on overall medical expenditures.
Methodology
The data is collected through the MEPS household and medical provider surveys, which track a nationally representative sample of healthcare utilization and costs.
Historical Context
This index helps inform healthcare policy decisions and provides context for trends in medical services spending.
Key Facts
- The index has a base year of 2001.
- Diseases of the blood and blood-forming organs account for a significant portion of total U.S. healthcare spending.
- The index is published quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid for medical services and supplies related to diseases of the blood and blood-forming organs, based on the Medical Expenditure Panel Survey (MEPS) account.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of healthcare cost inflation and can inform policymakers and analysts about price trends in this crucial medical category.
Q: How is this data collected or calculated?
A: The data is collected through the MEPS household and medical provider surveys, which track a nationally representative sample of healthcare utilization and costs.
Q: How is this trend used in economic policy?
A: This index helps inform healthcare policy decisions and provides context for trends in medical services spending, which is crucial for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Federal Reserve, with some delay in the release of the most recent data.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Other: Diseases of the Blood and Blood-Forming Organs Price Index, MEPS Account Basis (DIBLBOPIMEPS), retrieved from FRED.