Health Expenditures Price Index, MEPS Account Basis
This dataset tracks health expenditures price index, meps account basis over time.
Latest Value
130.95
Year-over-Year Change
60.28%
Date Range
1/1/2000 - 1/1/2021
Summary
The Health Expenditures Price Index, MEPS Account Basis tracks changes in the prices paid for healthcare goods and services in the U.S. It is a key measure of healthcare cost inflation for policymakers and economists.
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 comprehensive set of healthcare goods and services, including hospital care, physician services, prescription drugs, and more. It is based on data from the Medical Expenditure Panel Survey (MEPS) and provides a detailed view of healthcare price trends.
Methodology
The data is collected through household and provider surveys conducted by the Agency for Healthcare Research and Quality.
Historical Context
This index is used by government agencies, economists, and market analysts to monitor healthcare inflation and assess the impacts of policies and market changes.
Key Facts
- The index has a base year of 2001.
- It covers over 90% of total personal healthcare expenditures.
- The index rose 2.3% in 2021 compared to the prior year.
FAQs
Q: What does this economic trend measure?
A: The Health Expenditures Price Index, MEPS Account Basis measures changes in the prices paid for a comprehensive set of healthcare goods and services in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of healthcare cost inflation, providing important insights for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through household and provider surveys conducted by the Agency for Healthcare Research and Quality.
Q: How is this trend used in economic policy?
A: Government agencies, economists, and market analysts use this index to monitor healthcare inflation and assess the impacts of policies and market changes.
Q: Are there update delays or limitations?
A: The index is updated quarterly, and there may be some delays in data availability due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Health Expenditures Price Index, MEPS Account Basis (HLTHSCPIMEPS), retrieved from FRED.