Medical Care Prices and Output

作者: Zvi Griliches , Joseph P. Newhouse , Jack E. Triplett , Ernst R. Berndt , David M. Cutler

DOI: 10.1016/S1574-0064(00)80162-6

关键词:

摘要: Abstract We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes US , focusing particular on consumer (MCPIs) medical-related producer (MPPIs). outline salient features marketplace, including impacts insurance, moral hazard, principal-agent relationships, technological progress organizational changes. Since observed data are unlikely to correspond with efficient outcomes, we discuss implications failure transactions this market reveal reliable marginal valuations, consequent need augment traditional information based cost-effectiveness outcomes studies. describe procedures currently used by Bureau Labor Statistics constructing MCPIs MPPIs, recent revisions, then consider alternative notions output pricing involve or cost an episode treatment, rather than prices fixed bundles inputs. a proposed new experimental index – expenditure is more suitable for evaluation analyses changes, current MPPIs. ways which enter national economic accounts, inter-industry flows health as well aggregate economy possible mismeasurement sector. conclude suggesting future research most likely be fruitful.

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