Strategies for a BEA Satellite Health Care Account Summary of a Workshop (2009) / Chapter Skim
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4 Summary, Perspective, and Prospects for Moving Forward
4 Summary, Perspective, and Prospects for Moving Forward
Pages 63-65
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From page 63... ...
BEA's new work is primarily intended to provide an alternative way of measuring medical care prices and quantities, and the agency's motivation is to improve measurement within the existing NIPAs. BEA p resenters acknowledged that the work could eventually affect overall measured rates of inflation and productivity and, in turn, real gross domestic product growth rates.
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From page 64... ...
Ultimately, moving beyond measurement only of medical care inputs will allow researchers to gain greater insights into traditional economic issues, such as productivity growth and quality change in medical care. This underscores the importance of drawing on expertise from medical researchers to help evaluate trends in treatment outcomes.
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From page 65... ...
To monitor quality change in medical care for purposes of price measurement, accurate data on outcomes for treatments -- defined in parallel with the expenditure categories -- would be needed. Mark McClellan spoke about measuring treatment outcomes in this context.
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