Private Health Insurance (Includes Medicare (Part C) and Medicaid Managed Care Plans) for Offices of Physicians, Mental Health Specialists, All Establishments, Employer Firms
OOPMHSPHIM4621112 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,820.00
Year-over-Year Change
121.84%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend measures private health insurance coverage for offices of physicians and mental health specialists, including Medicare Advantage and Medicaid managed care plans. It provides insights into the insurance landscape for healthcare providers and spending patterns.
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 Private Health Insurance (Includes Medicare (Part C) and Medicaid Managed Care Plans) for Offices of Physicians, Mental Health Specialists, All Establishments, Employer Firms metric tracks the percentage of revenue from private insurance, a key indicator of healthcare industry dynamics and patient coverage.
Methodology
The data is collected through surveys of healthcare providers and insurance companies by the U.S. Census Bureau.
Historical Context
This trend is used by policymakers, economists, and healthcare analysts to understand insurance market shares and patient access to care.
Key Facts
- This metric covers approximately 60% of overall physician and mental health practice revenue.
- Private insurance accounted for over 70% of practice revenue in 2021.
- The share of private insurance has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of revenue that physician and mental health practices receive from private health insurance, including Medicare Advantage and Medicaid managed care plans.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the insurance landscape for healthcare providers, which is crucial for understanding patient access, practice finances, and broader industry dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of healthcare providers and insurance companies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and healthcare analysts use this trend to monitor insurance market shares and assess the impact of policy changes on patient coverage and access to care.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and it may not capture all private insurance arrangements or self-pay revenue.
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Citation
U.S. Federal Reserve, Private Health Insurance (Includes Medicare (Part C) and Medicaid Managed Care Plans) for Offices of Physicians, Mental Health Specialists, All Establishments, Employer Firms (OOPMHSPHIM4621112), retrieved from FRED.