Medical Services Expenditures by Disease: Injury and Poisoning Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: injury and poisoning price index, meps account basis over time.
Latest Value
144.29
Year-over-Year Change
66.93%
Date Range
1/1/2000 - 1/1/2021
Summary
The Injury and Poisoning Price Index, MEPS Account Basis measures price changes for medical services related to injury and poisoning. This metric is important for economists and policymakers to understand trends in healthcare costs and utilization.
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 the prices paid for medical services and treatments associated with injuries and poisonings. It is a component of the broader Medical Services Expenditures by Disease dataset published by the U.S. Agency for Healthcare Research and Quality (AHRQ).
Methodology
The data is collected through the Medical Expenditure Panel Survey (MEPS), a nationally representative survey of households and their medical care use and expenditures.
Historical Context
The Injury and Poisoning Price Index provides insights into a key driver of healthcare spending and can inform policy decisions around accident prevention and treatment.
Key Facts
- The index is based on a 2001 base year.
- Injury and poisoning account for over 12% of total U.S. healthcare spending.
- The index has increased by 57% since 2001.
FAQs
Q: What does this economic trend measure?
A: The Injury and Poisoning Price Index measures changes in the prices paid for medical services related to injuries and poisonings.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into a significant component of healthcare spending and can inform policies around injury prevention and treatment.
Q: How is this data collected or calculated?
A: The data is collected through the nationally representative Medical Expenditure Panel Survey (MEPS).
Q: How is this trend used in economic policy?
A: The Injury and Poisoning Price Index can help policymakers and economists understand trends in healthcare costs and utilization related to injuries and poisonings.
Q: Are there update delays or limitations?
A: The index is updated annually, and there may be some delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Injury and Poisoning Price Index, MEPS Account Basis (INJPOIPIMEPS), retrieved from FRED.