Medical Services Expenditures by Disease: Diseases of the Musculoskeletal System and Connective Tissue Price Index, Blended Account Basis
DIMSCTPIBLEND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.06
Year-over-Year Change
41.12%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease: Diseases of the Musculoskeletal System and Connective Tissue Price Index, Blended Account Basis measures changes in the prices paid for medical services related to musculoskeletal and connective tissue diseases. This metric is important for economists and policymakers tracking 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 represents the price changes for medical services, including inpatient and outpatient care, associated with diseases of the musculoskeletal system and connective tissue. It is used to analyze inflation in this key healthcare sector and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on prices from a variety of healthcare providers.
Historical Context
This index helps policymakers and analysts understand cost drivers in the musculoskeletal and connective tissue disease treatment market.
Key Facts
- The index has a base year of 2012.
- Musculoskeletal conditions account for over $200 billion in annual U.S. healthcare spending.
- The index has risen steadily 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 diseases of the musculoskeletal system and connective tissue, including inpatient and outpatient care.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers tracking healthcare cost trends and analyzing inflation in this key medical services sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on prices from healthcare providers.
Q: How is this trend used in economic policy?
A: This index helps policymakers and analysts understand cost drivers in the musculoskeletal and connective tissue disease treatment market, informing healthcare policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly with a lag, and may not capture all price changes in this complex medical services sector.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease: Diseases of the Musculoskeletal System and Connective Tissue Price Index, Blended Account Basis (DIMSCTPIBLEND), retrieved from FRED.