Health Services Expenditures Price Index, Blended Account Basis
HLTHSEPIBLEND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.98
Year-over-Year Change
39.34%
Date Range
1/1/2000 - 1/1/2021
Summary
The Health Services Expenditures Price Index, Blended Account Basis measures changes in the prices of health services expenditures across different payment and service models. It provides important insights into healthcare cost inflation.
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 the overall price level for a broad basket of health services, including hospital care, physician services, and other medical services. It is a key indicator for policymakers, economists, and healthcare analysts assessing trends in medical costs and affordability.
Methodology
The index is calculated based on producer price data collected by the U.S. Bureau of Labor Statistics.
Historical Context
The index is widely used to inform healthcare policy decisions and monitor market conditions.
Key Facts
- The index has a base year of 2012.
- It covers over 80% of total personal health care expenditures.
- The index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Health Services Expenditures Price Index, Blended Account Basis measures changes in the prices paid for a comprehensive set of healthcare services, including hospital care, physician services, and other medical services.
Q: Why is this trend relevant for users or analysts?
A: This index is a critical indicator for understanding healthcare cost inflation and its impact on consumers, businesses, and policymakers. It provides insights into the affordability of medical care and helps inform decisions around healthcare policy and market conditions.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on producer price data for a variety of healthcare services.
Q: How is this trend used in economic policy?
A: The Health Services Expenditures Price Index is widely used by policymakers, economists, and healthcare analysts to monitor trends in medical costs and inform decisions around healthcare policy, insurance coverage, and market regulations.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month. While comprehensive, it may not capture all nuances of the highly complex healthcare sector.
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Citation
U.S. Federal Reserve, Health Services Expenditures Price Index, Blended Account Basis (HLTHSEPIBLEND), retrieved from FRED.