PHCE-FWPIPersonal Health Care Expenditure Fixed-Weight Price Index (healthcare spending)
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In our judgment, this PHCE-FWPI is a more appropriate measure of medical price inflation associated with PHCE than two other available indexes--CPI or personal consumption fixed-weight price index.
Average payments per user are simply payment amounts divided by the number of users.(1) Actual payments per user are deflated using the PHCE-FWPI to produce constant dollar payments per user.
(PHCE-PWPI) as a toll to deflate personal health care expenditures per capita (construction of PHCE-FWPI is discussed in a later section).