THE PRICE OF HOSPITAL CARE,
Abstract
A hospital price index constructed for the manpower studies was based as follows: The productivity of labor employed in hospitals has not been declining. Therefore, the assumption that hospital labor productivity has remained constant over time seems conservative. The price of materials and supplies purchased by hospitals ought to have risen along with the prices of other manufactured products. Therefore, the assumption is made that the price deflator for purchased supplies in hospitals is equal to the non-farm wholesale price index.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1969
- Accession Number
- AD0687615
Entities
People
- Vincent Taylor
Organizations
- RAND Corporation