Garbarino, Joseph W.
October 1959
Industrial & Labor Relations Review;Oct59, Vol. 13 Issue 1, p3
Academic Journal
During the past five years, the price of medical services as measured by the relevant components of the Consumer Price Index has risen twice as fast as the cost of living generally. Because the financing of medical care is a key factor in the development of private as well as public plans and proposals for health insurance, the movement of medical care prices is of widespread concern. This article analyzes mainly the behavior of physicians' and surgeons' fees over the past two decades, in an effort to determine the relative importance of the factors responsible for their upward movement. As a result of this analysis, the author finds that the growth of health insurance has not been as important in the rise of medical care prices as is commonly believed, and that the most important factor has been the failure of the supply of medical services to grow with the demand for more medical care.


Related Articles

  • the Economy.  // Labor Law Journal;Sep66, Vol. 17 Issue 9, p514 

    The article focuses on market economy. The Consumer Price Index continued to rise during the month of July, reaching 113.3 per cent of the 1957-1959 average. On the basis of the July index figures, some 1.14 million workers are in line for cost-of-living wage increases. Increases of two cents an...

  • the Economy.  // Labor Law Journal;Feb56, Vol. 7 Issue 2, p66 

    This article presents information, including graphs and data-charts, related to economic developments and trends in the U.S. during the financial year 1955 in comparison to last three years. A decrease in the average cost of living has been recorded for 1955 as compared to rest three years,...

  • The Economy.  // Labor Law Journal;Aug57, Vol. 8 Issue 8, p514 

    The article provides information about several economic indicators for the month of June 1957. For the tenth successive month, a new all-time high has been established in the cost of living. The Consumers' Price Index for June reached a peak of 120.2. The principal factor contributing to this...

  • The Economy.  // Labor Law Journal;Sep60, Vol. 11 Issue 9, p789 

    The article analyzes the rise in the cost of living in July, as compared to the month of June, which is shown by the Consumer Price Index figure from the Bureau of Labor Statistics--126.6 (1947-1949 = 100). This represents an increase of 1.4 per cent over the July 1959 figure, and a 0.1 per cent...

  • The Economy.  // Labor Law Journal;Aug61, Vol. 12 Issue 8, p682 

    The article focuses on the economic conditions in the U.S. as of August 1961. After falling off slightly in May, the June Consumer Price Index moved up to an all-time high of 127.6 percent of the 1947-1949 index. The U.S. Bureau of Labor Statistics says the rise was due to increases in the cost...

  • the Economy.  // Labor Law Journal;Mar53, Vol. 4 Issue 3, p162 

    This article presents information on the economic condition of the United States as of March 1, 1953. The factors being considered are--cost of living; labor force; wages in manufacturing; industrial production; personal income; money supply; construction and sales. In cost of living the article...

  • the Economy.  // Labor Law Journal;Apr59, Vol. 10 Issue 4, p210 

    The article focuses on economic conditions of the U.S. from labor's point of view. Consumer prices in the U.S. cities declined 0.1 percent between January and February 1959, according to the U.S. Department of Labor's Bureau of Labor Statistics. Lower food prices than offset higher prices for...

  • Hospital Wholesale Prices Leap.  // hfm (Healthcare Financial Management);Oct2004, Vol. 58 Issue 10, p26 

    Discuses an August 2004 report by the Bureau of Labor Statistics that suggests the July Producer Price Index, which measures the monthy change in transaction prices received from all payer sources, has risen in the United States. Increase in Medicare and private payments; Rise in hospital...

  • The Economy.  // Labor Law Journal;Sep57, Vol. 8 Issue 9, p578 

    This article reports on economic conditions in the U.S. during the year 1957. The increase in cost of living by 0.5 per cent between June and July, 1957, boosted the Consumer Price Index to 120.8. This was a record all-time high and the eleventh consecutive monthly increase. As a result of the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics