Medical Services Expenditures by Disease: Other Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: other price index, meps account basis over time.
Latest Value
99.56
Year-over-Year Change
35.58%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Medical Services Expenditures by Disease: Other Price Index, MEPS Account Basis' measures inflation in prices for medical services not directly related to specific disease categories. This index is a key indicator for policymakers and analysts tracking 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 tracks price changes for a wide range of medical services and supplies, excluding those associated with specific disease categories. It provides a broad measure of medical care inflation that is useful for evaluating the overall cost of healthcare services.
Methodology
The data is collected through the Medical Expenditure Panel Survey (MEPS), a nationally representative survey of households and medical providers.
Historical Context
The index is used by government agencies, economists, and healthcare analysts to assess broader trends in medical care costs and inflation.
Key Facts
- The index uses 2001 as the base year.
- Prices are tracked for a wide range of medical services and supplies.
- The index is published quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This index measures inflation in prices for medical services and supplies that are not directly related to specific disease categories.
Q: Why is this trend relevant for users or analysts?
A: The index provides a broad measure of medical care inflation, which is useful for evaluating the overall cost of healthcare services.
Q: How is this data collected or calculated?
A: The data is collected through the Medical Expenditure Panel Survey (MEPS), a nationally representative survey of households and medical providers.
Q: How is this trend used in economic policy?
A: The index is used by government agencies, economists, and healthcare analysts to assess broader trends in medical care costs and inflation.
Q: Are there update delays or limitations?
A: The index is published quarterly by the U.S. Federal Reserve, with some potential for slight delays in data availability.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Other Price Index, MEPS Account Basis (DISOTHPIMEPS), retrieved from FRED.