Medicare (Fee for Service Only From Parts A, B and D) for Home Health Care Services, All Establishments, Employer Firms
This dataset tracks medicare (fee for service only from parts a, b and d) for home health care services, all establishments, employer firms over time.
Latest Value
42306.00
Year-over-Year Change
25.71%
Date Range
1/1/2015 - 1/1/2022
Summary
This trend measures Medicare fee-for-service spending on home health care services, which is a crucial component of long-term care expenditures in the United States.
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 Medicare home health care services trend provides insights into the utilization and costs of these essential healthcare services for the elderly and disabled. It helps policymakers and analysts assess trends in Medicare spending and the evolution of the home health care industry.
Methodology
The data is collected by the U.S. Centers for Medicare & Medicaid Services (CMS) through claims processing and administrative records.
Historical Context
This metric is widely used by government agencies, healthcare providers, and economic researchers to evaluate the Medicare program and long-term care dynamics.
Key Facts
- Medicare spent $103 billion on home health care in 2020.
- Home health care accounts for 5% of total Medicare spending.
- The number of Medicare home health care users has increased by 30% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures Medicare fee-for-service spending on home health care services, which are a key component of long-term care for the elderly and disabled.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Medicare's role in funding home health care, which is a crucial part of the long-term care system in the United States.
Q: How is this data collected or calculated?
A: The data is collected by the Centers for Medicare & Medicaid Services (CMS) through claims processing and administrative records.
Q: How is this trend used in economic policy?
A: This trend is widely used by government agencies, healthcare providers, and economic researchers to evaluate the Medicare program and long-term care dynamics.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a comprehensive view of Medicare fee-for-service home health care spending.
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Citation
U.S. Federal Reserve, Medicare (Fee for Service Only From Parts A, B and D) for Home Health Care Services, All Establishments, Employer Firms (HHCSMFSOFP46216), retrieved from FRED.