Understanding health care productivity is critical, as the sector accounts for about 17% of U.S. GDP. However, official statistics likely understate productivity growth by failing to capture improvements in medical technology and treatment quality. The Health Care Expenditure Statistics by Condition (HCESC) developed by the U.S. Bureau of Economic Analysis address this gap by measuring spending by condition, enabling more meaningful output measurement. We present a simple framework combining the HCESC with population health data to adjust prices and output for quality improvements.
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