0
ARTICLE |

Health Care Prices, 1950-1967:  Discussion of Trends and Their Significance

Edward M. Craft
JAMA. 1968;205(4):231-234. doi:10.1001/jama.1968.03140300049013.
Text Size: A A A
Published online

The recent publicity that has followed the increase in health care prices prompts the need for a concise statement on their trends and significance. During the period 1950-1965, health care prices increased more than any other major component in the "Consumer Price Index" (66.6%). During the same period, physicians' fees increased each year with the average annual increase ranging from a high of 4.4% in 1952 to a low of 2.2% in 1963. In 1966, physicians' fees experienced an increase of 5.8% followed by an Increase in 1967 of 7.1%. The main cause of rising health care prices has been the industry's inability to satisfy expanding consumer demand. The dynamic nature of the economy, plus necessary financial considerations, have placed certain limitations on the CPI as an instrument for measuring changes in price levels. Despite these limitations, however, it is the most widely accepted indicator of price movements.

Topics

Sign In to Access Full Content

Don't have Access?

Register and get free email Table of Contents alerts, saved searches, PowerPoint downloads, CME quizzes, and more

Subscribe for full-text access to content from 1998 forward and a host of useful features

Activate your current subscription (AMA members and current subscribers)

Purchase Online Access to this article for 24 hours

Figures

Tables

References

CME
Meets CME requirements for:
Browse CME for all U.S. States
Accreditation Information
The American Medical Association is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians. The AMA designates this journal-based CME activity for a maximum of 1 AMA PRA Category 1 CreditTM per course. Physicians should claim only the credit commensurate with the extent of their participation in the activity. Physicians who complete the CME course and score at least 80% correct on the quiz are eligible for AMA PRA Category 1 CreditTM.
Note: You must get at least of the answers correct to pass this quiz.
You have not filled in all the answers to complete this quiz
The following questions were not answered:
Sorry, you have unsuccessfully completed this CME quiz with a score of
The following questions were not answered correctly:
Commitment to Change (optional):
Indicate what change(s) you will implement in your practice, if any, based on this CME course.
Your quiz results:
The filled radio buttons indicate your responses. The preferred responses are highlighted
For CME Course: A Proposed Model for Initial Assessment and Management of Acute Heart Failure Syndromes
Indicate what changes(s) you will implement in your practice, if any, based on this CME course.
NOTE:
Citing articles are presented as examples only. In non-demo SCM6 implementation, integration with CrossRef’s "Cited By" API will populate this tab (http://www.crossref.org/citedby.html).

Multimedia

Some tools below are only available to our subscribers or users with an online account.

Sign In to Access Full Content

Related Content

Customize your page view by dragging & repositioning the boxes below.

Jobs
brightcove.createExperiences();