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Accession Number PB2014-100456
Title Regression Based Medical Care Expenditure Index for Medicare Beneficiaries.
Publication Date 2013
Media Count 39p
Personal Author A. E. Hall T. Highfill
Abstract We construct a disease-based price index for Medicare beneficiaries using data from the Medicare Current Beneficiary Survey from 2001-2005. We create the index by modeling total health-care expenditure as a function of the diagnoses of 27 illnesses. The coefficients from the regression are used to divide up each beneficiaryfs spending (following the method outlined in Trogdon et al. 2008) among his or her diagnosed illnesses. Spending for each illness is then aggregated over beneficiaries. An average price for each illness is calculated by dividing the total expenditure by the number of patients with the illness. We then use the prices to construct a Laspeyres price index for medical care indexed to 2001. This index grows at an average annual rate of about 6% from 2001 to 2005. Average nominal expenditure by Medicare beneficiaries grows at an average annual rate of 8.6% but, after nominal expenditure is deflated with the price index, average real expenditure grows by only 2.3% per year.
Keywords Consumer price index
Data collection
Health insurance
Health services
Market value
Medicare
Prices
Rates
Trends

 
Source Agency Department of Commerce, Bureau of Economic Analysis
NTIS Subject Category 96A - Domestic Commerce, Marketing, & Economics
44Q - Health Related Costs
44N - Health Care Utilization
Corporate Author Bureau of Economic Analysis, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1402
Contract Number N/A

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