Medical Services Expenditures by Disease Price Index, Blended Account Basis
MDSBDSPIBLEND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.21
Year-over-Year Change
40.32%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease Price Index, Blended Account Basis tracks the change in prices paid for medical services in the United States, providing insights into healthcare inflation and 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 index measures the price changes for a basket of medical services, aggregated across different disease categories and accounting for both public and private payer sources. It is a key metric for analyzing healthcare cost trends and informing policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The index is widely used by economists, policymakers, and industry analysts to understand the evolution of medical costs.
Key Facts
- The index has a base year of 2012.
- Prices for medical services have risen faster than overall inflation in recent years.
- The index is a useful input for adjusting healthcare spending data for inflation.
FAQs
Q: What does this economic trend measure?
A: The Medical Services Expenditures by Disease Price Index, Blended Account Basis measures the change in prices paid for a basket of medical services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial metric for understanding healthcare cost inflation and informing policy decisions related to medical services pricing and affordability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the evolution of medical costs and its impact on healthcare spending and affordability.
Q: Are there update delays or limitations?
A: The index is published on a regular schedule, but there may be lags in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease Price Index, Blended Account Basis (MDSBDSPIBLEND), retrieved from FRED.