Medical Services Expenditures by Disease: Diseases of the Skin and Subcutaneous Organs Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: diseases of the skin and subcutaneous organs price index, meps account basis over time.
Latest Value
123.29
Year-over-Year Change
80.17%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Diseases of the Skin and Subcutaneous Organs Price Index, MEPS Account Basis tracks changes in the prices paid for medical services related to skin and subcutaneous organ diseases. It is a key indicator for understanding healthcare costs and price trends in this medical service 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 changes over time in the prices paid for medical services related to diseases of the skin and subcutaneous organs, using the Medical Expenditure Panel Survey (MEPS) as the data source. It provides insights into inflationary pressures within this segment of the healthcare industry.
Methodology
The data is collected through surveys of healthcare providers and payers as part of the MEPS program.
Historical Context
Policymakers and economists use this index to monitor healthcare price inflation and analyze the cost burden of skin-related medical conditions.
Key Facts
- The index is based on the MEPS survey of medical providers and payers.
- Skin and subcutaneous organ diseases account for a significant portion of healthcare spending.
- Price changes in this index can signal inflationary or deflationary trends in the relevant medical services.
FAQs
Q: What does this economic trend measure?
A: The Medical Services Expenditures by Disease: Diseases of the Skin and Subcutaneous Organs Price Index, MEPS Account Basis measures changes in the prices paid for medical services related to skin and subcutaneous organ diseases.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into healthcare cost inflation within the skin and subcutaneous organ disease treatment segment, which is important for policymakers, economists, and healthcare industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through the Medical Expenditure Panel Survey (MEPS) program, which surveys healthcare providers and payers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to monitor healthcare price inflation and analyze the cost burden of skin-related medical conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The MEPS data used to calculate this index may have some lag in reporting, and the index may not capture all aspects of price changes in the skin and subcutaneous disease treatment segment.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Diseases of the Skin and Subcutaneous Organs Price Index, MEPS Account Basis (DISKSOPIMEPS), retrieved from FRED.