Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, Blended Account Basis
This dataset tracks medical services expenditures by disease: other: residual codes; unclassified; all e codes price index, blended account basis over time.
Latest Value
92.39
Year-over-Year Change
13.74%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, Blended Account Basis' tracks changes in the prices paid for a basket of medical services that cannot be classified under other disease categories.
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 price index represents a composite measure of medical services that are not easily assignable to specific disease conditions, including residual or unclassified codes and external causes of morbidity and mortality. It is a key indicator for analysts examining overall healthcare cost trends.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a blend of payment sources.
Historical Context
Policymakers and healthcare economists monitor this index to understand broader medical cost dynamics.
Key Facts
- The index uses a blended approach to capture both public and private payment sources.
- Residual medical codes account for a significant portion of overall healthcare spending.
- Tracking this index helps policymakers understand broader trends in medical inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid for a basket of medical services that cannot be easily classified under specific disease categories, including residual codes and external causes of morbidity.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for understanding broader trends in medical cost inflation, as it captures a significant portion of healthcare spending that is not accounted for in disease-specific indexes.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a blend of public and private payment sources.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare economists monitor this index to gain insights into overall medical cost dynamics, which can inform decisions related to healthcare policy, insurance coverage, and cost control measures.
Q: Are there update delays or limitations?
A: The index data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the complexity of aggregating data from multiple payment sources.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, Blended Account Basis (RECOUNPIBLEND), retrieved from FRED.