DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for ...

CMS-1503-FC 722
estimating productivity we refer the commenter to the following link:
http://www.bls.gov/mfp/mprtech.pdf.
Table 61 lists the MFP component series employed by the BLS and the
corresponding concepts estimated by IGI as specified in Table 34 of the CY 2011 PFS
proposed rule and in this final rule. Please note that, in BLS' revised MFP estimates
published on August 24, 2010, the index series was rebased from 2000=100 to 2005=100.
Thus, Table 61 refers to the BLS series in 2005 dollars whereas Table 34 of the CY 2011
PFS proposed rule referred to the BLS series in 2000 dollars.
Table 61: Multifactor Productivity Component Series Employed by the
Bureau of Labor Statistics and IHS Global Insight
BLS series IGI series – Proposed Rule IGI series – Final Rule
Real value-added output,
constant 2005 dollars
Private non-farm business
sector labor input;
2005=100.00
Aggregate capital inputs;
2005=100.00
Real gross non-farm value added
output, chained 2005 dollar billions
Hours of all persons -private nonfarm
business sector; 1992=1.0
Real effective capital stock used for
full employment GDP, chained 2005
dollar billions
Non-housing non-government
non-farm real GDP, Billions
of chained 2005 dollars –
annual rate
Man-hours in private nonfarm
establishments, Billions of
hours – annual rate
Real effective capital stock
used for full employment
GDP, Billions of chained
2005 dollars
In this final rule with comment period, we are finalizing the same IGI method as
described in the CY 2011 PFS proposed rule, with minor technical improvements to the
underlying concepts used to calculate MFP. We have also included a more detailed
description below of the methodology (which was described in the proposed rule and
which we are finalizing in this final rule with comment period) used to calculate MFP in
response to the public comments we received.