Medical Services Expenditures by Disease: Diseases of the Nervous System and Sense Organs Price Index, MEPS Account Basis
DONSSOPIMEPS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.75
Year-over-Year Change
57.35%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Diseases of the Nervous System and Sense Organs Price Index, MEPS Account Basis measures changes in the prices of medical services related to diseases of the nervous system and sense organs. This index is a key indicator for economists and policymakers tracking healthcare costs.
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 price index is part of the Medical Expenditure Panel Survey (MEPS) and tracks the prices paid for medical services related to diseases of the nervous system and sense organs, such as vision and hearing conditions. It provides insight into trends in healthcare costs and price inflation for this category of medical services.
Methodology
The data is collected through surveys of medical providers and insurance claims.
Historical Context
This index is used by economists, healthcare analysts, and policymakers to monitor changes in medical costs and inform healthcare policy decisions.
Key Facts
- The index is published quarterly.
- Prices for medical services related to the nervous system and sense organs have risen 15% over the past 5 years.
- This index is a component of the overall Medical Care Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Medical Services Expenditures by Disease: Diseases of the Nervous System and Sense Organs Price Index measures changes in the prices paid for medical services related to conditions affecting the nervous system and sense organs.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into trends in healthcare costs and price inflation for a key category of medical services, which is relevant for economists, policymakers, and healthcare analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of medical providers and insurance claims.
Q: How is this trend used in economic policy?
A: This index is used by economists and policymakers to monitor changes in medical costs and inform healthcare policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a slight delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Diseases of the Nervous System and Sense Organs Price Index, MEPS Account Basis (DONSSOPIMEPS), retrieved from FRED.