Table 3. Derivation of the personal health care expenditure fixed-weight price index.
Commodity or service | Price proxy | 1982 weight |
---|---|---|
All personal health care | — | 100.0 |
Hospital care | Hospital Input Price Index1 | 47.4 |
Physician services | CPI2, physician services | 18.8 |
Dental services | CPI2, dental services | 6.4 |
Other professional services and home health care3 | CPI2, professional services | 4.9 |
Drugs and other medical non-durables | CPI2, medical care commodities | 9.6 |
Vision products and other medical durables | CPI2, eye care | 1.8 |
Nursing home care | National Nursing Home Input Price Index | 9.1 |
Other personal care | CPI2, medical care | 1.9 |
The specific hospital input price index is All Hospitals with Capital and Medical Fees (Wages = AHE806NS, Fringes = PanelFB).
Consumer Price Index for all urban consumers, U.S. Department of Labor, Bureau of Labor Statistics. Indexes are scaled so that the 1982 value is 100.0.
Two categories combined because no price proxy is available for home health care for the entire time period.
NOTE: CPI is Consumer Price Index.
SOURCE: Health Care Financing Administration, Office of the Actuary: Data from the Office of National Health Statistics.