Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: other: residual codes; unclassified; all e codes price index, meps account basis over time.
Latest Value
89.31
Year-over-Year Change
41.47%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, MEPS Account Basis' measures changes in the prices paid for medical services related to unclassified or miscellaneous health conditions.
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 is part of the Medical Expenditure Panel Survey (MEPS) and tracks the costs of a variety of medical services, excluding those categorized under major disease groups. It is an important economic indicator for healthcare analysts and policymakers.
Methodology
The data is collected through surveys of healthcare providers and insurance claims.
Historical Context
This index helps evaluate healthcare inflation and informs policy decisions on medical costs.
Key Facts
- The index has a base year of 2001.
- It covers a wide range of miscellaneous medical services.
- The index is used to track changes in healthcare inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid for medical services that do not fall under major disease categories, such as unclassified or miscellaneous health conditions.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of healthcare inflation and can inform policy decisions on medical costs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of healthcare providers and insurance claims.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare analysts use this index to evaluate changes in medical services prices and inform decisions on healthcare policy and costs.
Q: Are there update delays or limitations?
A: The index is updated regularly as part of the Medical Expenditure Panel Survey, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Other: Residual Codes; Unclassified; All E Codes Price Index, MEPS Account Basis (RECOUNPIMEPS), retrieved from FRED.