Medical Services Expenditures by Provider: Nursing Homes: Nonprofit Nursing Homes Services to Households Price Index
NONUHOPIHCSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.48
Year-over-Year Change
31.62%
Date Range
1/1/2000 - 1/1/2021
Summary
The Nursing Homes Services to Households Price Index measures changes in the prices paid by households for nonprofit nursing home services. This metric is a key indicator of healthcare costs and the affordability of long-term care.
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 Nursing Homes Services to Households Price Index tracks the prices paid by households for services provided by nonprofit nursing homes. This index is used to analyze trends in healthcare expenditures and monitor the affordability of long-term care options for the elderly and disabled.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national Personal Consumption Expenditures (PCE) price index.
Historical Context
This index provides important context for policymakers and economists evaluating the accessibility and costs of essential healthcare services.
Key Facts
- The index is based on 2012 as the reference year (2012=100).
- Nonprofit nursing homes account for over half of all U.S. nursing home beds.
- Nursing home care makes up about 5% of total U.S. personal healthcare expenditures.
FAQs
Q: What does this economic trend measure?
A: The Nursing Homes Services to Households Price Index measures changes in the prices paid by households for services provided by nonprofit nursing homes in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of healthcare costs and the affordability of long-term care options, which is essential information for policymakers, economists, and households planning for elder care needs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national Personal Consumption Expenditures (PCE) price index.
Q: How is this trend used in economic policy?
A: This index provides important context for policymakers and economists evaluating the accessibility and costs of essential healthcare services, particularly for the elderly and disabled populations.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month, and may be subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Medical Services Expenditures by Provider: Nursing Homes: Nonprofit Nursing Homes Services to Households Price Index (NONUHOPIHCSA), retrieved from FRED.