Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Nursing Care Facilities (Skilled Nursing Facilities), All Establishments, Employer Firms
This dataset tracks social security benefits - direct payment of social security on behalf of patients for nursing care facilities (skilled nursing facilities), all establishments, employer firms over time.
Latest Value
1371.00
Year-over-Year Change
-8.05%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the direct payment of Social Security benefits on behalf of patients for nursing care facilities, representing a key component of healthcare costs and utilization.
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 Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Nursing Care Facilities (Skilled Nursing Facilities) metric tracks the value of Social Security payments made directly to nursing homes for the care of their residents. This provides insight into the role of government programs in supporting long-term care services.
Methodology
The data is collected by the U.S. Census Bureau through surveys of nursing care facilities.
Historical Context
This trend is used by policymakers and analysts to understand the dynamics of long-term care financing and the intersection of government programs and private healthcare services.
Key Facts
- Nursing care facilities account for a significant portion of total U.S. healthcare expenditures.
- Social Security is a major source of funding for long-term care services in the United States.
- Direct payments to nursing homes represent an important government program supporting the elderly and disabled.
FAQs
Q: What does this economic trend measure?
A: This trend measures the direct payment of Social Security benefits on behalf of patients residing in nursing care facilities, including skilled nursing facilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the role of government programs, such as Social Security, in supporting long-term care services and the financing of healthcare for the elderly and disabled.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of nursing care facilities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the dynamics of long-term care financing and the intersection of government programs and private healthcare services.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Census Bureau, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Nursing Care Facilities (Skilled Nursing Facilities), All Establishments, Employer Firms (NCFNFSSBD46231), retrieved from FRED.