Medical Services Expenditures by Disease Price Index, MEPS Account Basis
MDSBDSPIMEPS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.26
Year-over-Year Change
69.77%
Date Range
1/1/2000 - 1/1/2021
Summary
The Medical Services Expenditures by Disease Price Index (MEPS Account Basis) tracks changes in prices for medical services across various disease categories. This key metric provides insights into healthcare cost inflation and is used by policymakers and analysts to monitor medical care affordability.
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 in medical services expenditures, including inpatient, outpatient, and prescription drug costs, based on the Medical Expenditure Panel Survey (MEPS) data. It allows for analysis of medical price trends by specific disease groups.
Methodology
The data is collected through comprehensive household and medical provider surveys conducted by the Agency for Healthcare Research and Quality.
Historical Context
The index is a valuable tool for assessing the impact of healthcare policies and economic conditions on medical service affordability.
Key Facts
- The index has a base year of 2017.
- It covers over 200 different disease categories.
- The index can be used to adjust medical spending for price changes.
FAQs
Q: What does this economic trend measure?
A: The Medical Services Expenditures by Disease Price Index (MEPS Account Basis) measures changes in prices for medical services across various disease categories.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into healthcare cost inflation and is used by policymakers and analysts to monitor medical care affordability.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive household and medical provider surveys conducted by the Agency for Healthcare Research and Quality.
Q: How is this trend used in economic policy?
A: The index is a valuable tool for assessing the impact of healthcare policies and economic conditions on medical service affordability.
Q: Are there update delays or limitations?
A: The index is updated regularly, but there may be delays in data availability due to the comprehensive survey process.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Disease Price Index, MEPS Account Basis (MDSBDSPIMEPS), retrieved from FRED.