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The construction of a price index for the South African Medical Scheme Industry

A methodology is proposed for constructing a price index that reflects the change in the prices of the goods and services purchased by medical schemes in South Africa. The methodological choices were made taking cognisance of the unique characteristics of the South African medical scheme environment, both in terms of the factors influencing the mix of goods and services purchased by medical schemes, as well as the factors affecting price determination. An example of a pharmaceutical price index was constructed to illustrate the proposed methodology, the results of which are presented. Whilst the proposed methodology provides a base for creating a meaningful and useful medical scheme price index there is considerable further work that needs to be done to refine the methodology.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uct/oai:localhost:11427/5709
Date January 2010
CreatorsRamjee, Shivani
ContributorsDorrington, Rob
PublisherUniversity of Cape Town, Faculty of Commerce, School of Economics
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeMaster Thesis, Masters, MCom
Formatapplication/pdf

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