Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index, Blended Account Basis
This dataset tracks medical services expenditures by disease: symptoms; signs; and ill-defined conditions price index, blended account basis over time.
Latest Value
122.57
Year-over-Year Change
66.65%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index measures changes in the prices paid for medical services related to symptoms, signs, and ill-defined conditions. This metric is important for economists and policymakers to understand healthcare cost trends.
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 broad range of medical services, including outpatient visits, diagnostic tests, and treatments for symptoms and conditions that are difficult to diagnose or classify. It provides insight into inflationary pressures within the healthcare sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Health Expenditure Accounts.
Historical Context
This index is used by government agencies, healthcare providers, and economic analysts to monitor and contextualize healthcare cost dynamics.
Key Facts
- The index uses 2012 as the base year.
- It covers a broad range of outpatient and diagnostic services.
- Prices have risen steadily in this category over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices paid for medical services related to symptoms, signs, and ill-defined conditions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures within the healthcare sector, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Health Expenditure Accounts.
Q: How is this trend used in economic policy?
A: This index is used by government agencies, healthcare providers, and economic analysts to monitor and contextualize healthcare cost dynamics.
Q: Are there update delays or limitations?
A: The index is updated regularly by the Bureau of Economic Analysis, with some potential for slight delays in data availability.
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Citation
U.S. Bureau of Economic Analysis, Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index, Blended Account Basis (SYSIILPIBLEND), retrieved from FRED.