Medical Services Expenditures by Disease: Mental Illness Price Index, Blended Account Basis
This dataset tracks medical services expenditures by disease: mental illness price index, blended account basis over time.
Latest Value
115.93
Year-over-Year Change
30.40%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Mental Illness Price Index, Blended Account Basis tracks changes in the prices paid for medical services related to mental illness. This important economic indicator provides insights into healthcare costs and policy issues.
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 over time for medical services associated with the treatment of mental illness. It is a valuable tool for economists, policymakers, and healthcare analysts to monitor trends in mental healthcare expenditures and their economic implications.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a blended methodology that incorporates various data sources.
Historical Context
This index is widely used to inform healthcare policy decisions and assess the economic impact of mental illness treatment.
Key Facts
- The index has a base year of 2012.
- Mental illness accounts for a significant portion of overall healthcare expenditures.
- The index is used to track changes in the cost of mental healthcare services.
FAQs
Q: What does this economic trend measure?
A: This index measures the price changes over time for medical services associated with the treatment of mental illness.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable tool for economists, policymakers, and healthcare analysts to monitor trends in mental healthcare expenditures and their economic implications.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a blended methodology that incorporates various data sources.
Q: How is this trend used in economic policy?
A: This index is widely used to inform healthcare policy decisions and assess the economic impact of mental illness treatment.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be some delay in the availability of the latest data.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Mental Illness Price Index, Blended Account Basis (MNINEIPIBLEND), retrieved from FRED.