What does the Consumer Price Index for prescription drugs really measure?

  • 1 January 1992
    • journal article
    • Vol. 13  (3) , 45-51
Abstract
This article examines the conceptually desirable attributes of a fully quality-adjusted prescription drug price index. It provides an understanding of how the Consumer Price Index for prescription drugs and medical supplies treats quality changes in prescription drugs and, in particular, quality changes associated with the introduction of new drugs.

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