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来源类型Working Paper
规范类型报告
DOI10.3386/w7089
来源IDWorking Paper 7089
Pricing Heart Attack Treatments
David M. Cutler; Mark McClellan; Joseph P. Newhouse; Dahlia Remler
发表日期1999-04-01
出版年1999
语种英语
摘要In this paper, we estimate price indices for heart attack treatments, demonstrating the techniques that are currently used in official price indices and presenting some alternatives. We consider two types of price indices, a Service Price Index, which prices specific treatments provided, and a Cost of Living Index, which prices the health outcomes of patients. Both indices are complicated by price measurement issues: list prices and transactions prices are fundamentally different in the medical care field. The development of new or modified medical treatments further complicates the comparison of like' goods over time. And the Cost of Living Index is hampered by the need to determine how much of health improvement results from medical treatments in comparison to other factors. We describe methods to address each of these obstacles. We conclude that whereas traditional price indices when applied to heart attack treatments are rising at roughly 3 percent per year above general inflation, a corrected service price index is rising at perhaps 1 to 2 percent per year above general inflation, and the cost of living index is falling by 1 to 2 percent per year relative to general inflation. We discuss the implications of these results for official price index calculations.
URLhttps://www.nber.org/papers/w7089
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/564614
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GB/T 7714
David M. Cutler,Mark McClellan,Joseph P. Newhouse,et al. Pricing Heart Attack Treatments. 1999.
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