Implications of Utilization Shifts on Medical-Care Price Measurement..

摘要

The medical-care sector often experiences changes in medical protocols and technologies that cause shifts in treatments. However, the commonly used medical- care price indexes reported by the BLS hold the mix of medical services .xed. In contrast, episode expenditure indexes, advocated by many health economists, track the full cost of disease treatment, even as treatments shift across service categories (e.g., inpatient to outpatient hospital). In our data, we .nd that these two conceptually dierent measures of price growth show similar aggregate rates of in.ation. Although aggregate trends are similar, we observe dierences when looking at speci.c disease categories that have implications for the productivity of disease treatment.