THE PRICE OF HOSPITAL CARE,
RAND CORP SANTA MONICA CALIF
Pagination or Media Count:
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.
- Economics and Cost Analysis
- Medicine and Medical Research