Measuring hospital input price increases: the rebased hospital market basket.
Freeland, Mark S
Date of Pub
Arnett 3d, Ross H; Brown, Aaron P; Chulis, George S; Lemieux, Jeffrey A; Maple, Brenda T; Singer, Naphtale; Skellan, David
The input prices indexes used in part to set payment rates for Medicare inpatient hospital services in both prospective payment
system (PPS) and PPS-excluded hospitals were rebased from 1982 to 1987 beginning with payments for fiscal year 1991. In this
article, the issues and evidence used to determine the composition of the revised hospital input price indexes are discussed.
One issue is the need for a separate market basket for PPS-excluded hospitals. Also, the payment implications of using hospital-industry
versus economywide measures of wage rates as price proxies for the growth in hospital wage rates are addressed.
Prospective Payment System : Abstracting and Indexing : Cost Allocation/trends : Data Collection : Economics, Hospital/trends
: Health Expenditures/trends : Inflation, Economic/statistics & numerical data : Medicare Part A/economics : Nursing Staff,
Hospital/economics : Personnel, Hospital/economics : Rate Setting and Review/methods : Salaries and Fringe Benefits/statistics
& numerical data : United States