Medical Services Expenditures by Disease: Mental Illness Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: mental illness price index, meps account basis over time.
Latest Value
136.71
Year-over-Year Change
60.25%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Mental Illness Price Index, MEPS Account Basis measures changes in the prices paid for medical services related to the treatment of mental illness. This index is a key indicator for healthcare economists and policymakers tracking the costs of mental healthcare.
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 price changes for a basket of medical services and products used in the treatment of mental illness, including inpatient and outpatient care, medications, and other therapies. It is an important metric for understanding the broader trends and costs in the mental healthcare system.
Methodology
The data is calculated based on medical expenditure surveys conducted by the Agency for Healthcare Research and Quality.
Historical Context
This index provides important context for policymakers and researchers examining the economic impacts of mental illness and the costs of related healthcare services.
Key Facts
- The index has a base year of 2001.
- Mental illness treatment accounts for a significant portion of overall U.S. healthcare spending.
- Prices for mental healthcare services have historically risen faster than general medical inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid for medical services related to the treatment of mental illness, including inpatient and outpatient care, medications, and other therapies.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for healthcare economists and policymakers tracking the costs of mental healthcare, which is a significant and growing component of overall U.S. healthcare spending.
Q: How is this data collected or calculated?
A: The data is calculated based on medical expenditure surveys conducted by the Agency for Healthcare Research and Quality.
Q: How is this trend used in economic policy?
A: This index provides important context for policymakers and researchers examining the economic impacts of mental illness and the costs of related healthcare services.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Mental Illness Price Index, MEPS Account Basis (MNINEIPIMEPS), retrieved from FRED.