Measuring price inflation in the physician sector of the health care market

Authors

William Cron, Michigan Technological University
Jeffrey E. Jarrett, Michigan Technological University

Document Type

Article

Publication Date

12-1977

Abstract

The purpose of this study was to indicate the need for the development of an adequate measure of the inflation in prices of medical care services. Although the CPI provides a medical care component, the index has a number of serious shortcomings. These shortcomings hinder its usefulness for policy purposes. The main thrust of this analysis was to suggest an alternative measure of prices of medical care services. This suggested hedonic approach will produce a more realistic measure of medical care prices for policy purposes.

Publisher's Statement

© 1977 Atlantic Economic Society. Publisher’s version of record: https://doi.org/10.1007/BF02299900

Publication Title

Atlantic Economic Journal

Recommended Citation

Cron, W., & Jarrett, J. (1977). Measuring price inflation in the physician sector of the health care market. Atlantic Economic Journal, 5(3), 58-63. http://doi.org/10.1007/BF02299900
Retrieved from: https://digitalcommons.mtu.edu/michigantech-p/4352