Medical Services Expenditures by Disease: Other Price Index, Blended Account Basis
This dataset tracks medical services expenditures by disease: other price index, blended account basis over time.
Latest Value
101.51
Year-over-Year Change
22.86%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Other Price Index, Blended Account Basis' tracks changes in the prices of medical services expenditures for diseases not covered by other indexes. This is a key metric for understanding healthcare cost trends.
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 price changes for a broad range of medical services, excluding major disease categories like cancer, heart disease, and diabetes. It provides a comprehensive view of other healthcare costs that can impact consumers, insurers, and policymakers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a blended methodology that combines various data sources.
Historical Context
This index is widely used to analyze healthcare inflation and guide policy decisions.
Key Facts
- The index has a base year of 2012.
- It covers a broad range of medical services beyond major disease categories.
- Prices have risen steadily in recent years, outpacing general inflation.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in the prices of medical services expenditures for diseases not covered by other major disease-specific indexes.
Q: Why is this trend relevant for users or analysts?
A: The 'Other Price Index' provides a comprehensive view of healthcare cost trends beyond the major disease categories, which is crucial for understanding the full scope of medical inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a blended methodology that combines various data sources.
Q: How is this trend used in economic policy?
A: This index is widely used by policymakers, healthcare providers, and insurers to analyze healthcare inflation and guide policy decisions.
Q: Are there update delays or limitations?
A: The index data is released on a regular schedule, but there may be some lags in data availability compared to real-time healthcare costs.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Other Price Index, Blended Account Basis (DISOTHPIBLEND), retrieved from FRED.