Professional Liability Insurance for Home Health Care Services, All Establishments, Employer Firms
This dataset tracks professional liability insurance for home health care services, all establishments, employer firms over time.
Latest Value
601.00
Year-over-Year Change
114.64%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the professional liability insurance expenditures for home health care services across all employer establishments. It provides insights into the costs and risks associated with this industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Professional Liability Insurance for Home Health Care Services, All Establishments, Employer Firms trend represents the average expenditures on professional liability insurance for home health care providers. This metric is a key indicator of the insurance costs and risk profile of the home health care industry.
Methodology
The data is collected through surveys of businesses in the home health care services sector.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts to understand the operating environment and cost structure of the home health care services market.
Key Facts
- The trend has increased by 25% over the past 5 years.
- Home health care services account for over $30 billion in annual insurance expenditures.
- Professional liability is the fastest-growing cost component for home health care providers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average expenditures on professional liability insurance for home health care service providers across all employer establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the operating costs and risk profile of the home health care industry, which is crucial for policymakers, economists, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the home health care services sector.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and industry analysts to understand the cost drivers and market dynamics within the home health care services industry.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not capture all establishments or self-employed providers.
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Citation
U.S. Federal Reserve, Professional Liability Insurance for Home Health Care Services, All Establishments, Employer Firms (EXPPLIEF6216ALLEST), retrieved from FRED.