Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index, MEPS Account Basis
This dataset tracks medical services expenditures by disease: symptoms; signs; and ill-defined conditions price index, meps account basis over time.
Latest Value
231.00
Year-over-Year Change
259.93%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index, MEPS Account Basis tracks changes in prices 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 measures price changes for medical services and procedures associated with symptoms, signs, and ill-defined conditions from the Medical Expenditure Panel Survey (MEPS) data. It provides insight into the cost dynamics of a specific category of healthcare services.
Methodology
The data is collected through household and provider surveys conducted as part of the MEPS program.
Historical Context
This index is used by analysts to assess price trends in the broader healthcare sector and inform policy decisions.
Key Facts
- The index is based on the MEPS survey of households and medical providers.
- Symptoms, signs, and ill-defined conditions account for a significant share of healthcare expenditures.
- Price changes in this category can impact overall healthcare inflation.
FAQs
Q: What does this economic trend measure?
A: This index measures price changes for medical services and procedures related to symptoms, signs, and ill-defined conditions from the Medical Expenditure Panel Survey (MEPS).
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost dynamics of a significant category of healthcare services, which is relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through household and provider surveys conducted as part of the MEPS program.
Q: How is this trend used in economic policy?
A: This index is used by analysts to assess price trends in the broader healthcare sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is subject to the update schedule and data collection methods of the MEPS program.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Symptoms; Signs; and Ill-Defined Conditions Price Index, MEPS Account Basis (SYSIILPIMEPS), retrieved from FRED.