Patient Out-Of-Pocket From Patients and Their Families for Outpatient Mental Health and Substance Abuse Centers, All Establishments, Employer Firms
This dataset tracks patient out-of-pocket from patients and their families for outpatient mental health and substance abuse centers, all establishments, employer firms over time.
Latest Value
1966.00
Year-over-Year Change
78.56%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures the out-of-pocket costs paid by patients and their families for outpatient mental health and substance abuse services. It provides insight into the financial burden faced by individuals seeking these critical healthcare services.
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 Patient Out-Of-Pocket From Patients and Their Families for Outpatient Mental Health and Substance Abuse Centers, All Establishments, Employer Firms series tracks the direct costs borne by patients and their families for outpatient mental health and substance abuse treatment. This metric is important for understanding the accessibility and affordability of these essential healthcare services.
Methodology
The data is collected through surveys of healthcare providers and facilities.
Historical Context
This trend is closely monitored by policymakers and healthcare analysts to assess the financial barriers to mental health and addiction treatment.
Key Facts
- Outpatient mental health and substance abuse services are critical for public health.
- Out-of-pocket costs can be a significant barrier to accessing these services.
- Tracking this trend helps identify financial challenges faced by patients and families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the out-of-pocket costs paid by patients and their families for outpatient mental health and substance abuse services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial accessibility of critical mental health and addiction treatment services.
Q: How is this data collected or calculated?
A: The data is collected through surveys of healthcare providers and facilities.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and healthcare analysts to assess the financial barriers to mental health and addiction treatment.
Q: Are there update delays or limitations?
A: The data may have occasional update delays due to the survey-based collection methodology.
Related News
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Housing Market Faces Threats Beyond Fed's Impact On Mortgage Rates
Unfocused Interest Rates and the Real Threats in the Housing Market The fluctuations in the 30 year mortgage rates have long been a focal concern for the US housing market, but they may not be the most significant threat. As we delve deeper, it becomes apparent that the real dangers are lurking beyond these superficial numbers. With the current interest rates climate being only one piece of the complex puzzle that defines the housing landscape, stakeholders must widen their perspective. There's
Unpredictability of Interest Rate Direction in the United States
Navigating the Unpredictability of Interest Rates Interest rates have turned into one of the most unpredictable elements in the American financial landscape. This unpredictability stems largely from the nuanced decisions of the Federal Reserve, often referred to as the Fed, whose policies ripple through financial markets, influencing borrowing costs for everyone from ambitious entrepreneurs to families securing mortgages. The web of economic indicators, which serves as the backbone for interest
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
U.S. Treasury Yields Rise After Fed Rate Cut Analysis
Treasury Yields Surge: A Curious Twist in Monetary Policy Amid a surprising financial twist, the current 10 year treasury rate is on the rise even as the Federal Reserve cuts interest rates. This unexpected development has economists scratching their heads, as typically, a cut in the Federal funds rate leads to lower yields. Treasury yields represent the interest rate the government pays bondholders, functioning as a vital signpost for the health of the economy. Generally perceived as one of th
Gold prices in the US might reach $5,000 under certain conditions
Could Gold Prices in the US Surge to $5,000? Could gold prices in the US reach the lofty heights of $5,000? This question, centered around predictions like those from Goldman Sachs, captures the attention of investors everywhere. With the current 10-year U.S. treasury rate today influencing economic trends, the notion of gold as a viable refuge becomes particularly intriguing. Amidst volatile shifts in the gold market, it's essential to understand these predictions and their potential to reshap
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Patient Out-Of-Pocket From Patients and Their Families for Outpatient Mental Health and Substance Abuse Centers, All Establishments, Employer Firms (OMHASACPOFP462142), retrieved from FRED.