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

Ramjee, Shivani

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

Master Thesis

2010

Publisher

University of Cape Town

Department

School of Economics

Faculty

Faculty of Commerce

Abstract

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.

Keywords

Management Studies

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