Measuring input prices for physicians: the revised Medicare Economic Index.
Freeland, Mark S
Date of Pub
Arnett 3d, Ross H; Brown, Aaron P; Chulis, George S
Medicare payments for physician services under Part B were historically restrained by capping prevailing charges using the
Medicare Economic Index (MEI). The MEI, an input price index for physician services that incorporates an adjustment for economywide
labor productivity, has not undergone a major revision since 1975. The MEI is an important determinant of the annual volume
performance standard that will be used to set aggregate increases in the revised system for paying physicians under Medicare
beginning in 1992. The MEI will also be used in establishing the annual changes to the payment conversion factors under the
new payment system.
Abstracting and Indexing/economics : Automobiles/economics : Efficiency : Employment/economics : Equipment and Supplies/economics
: Health Expenditures/classification : Insurance, Liability/economics : Medicare Part B/classification : Pharmaceutical Preparations
: Physicians' Offices/economics : Practice Management, Medical/economics/legislation & jurisprudence : Salaries and Fringe
Benefits : United States