Professional liability insurance for Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms
EXPPLI6232ALLESTEF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
579.00
Year-over-Year Change
104.59%
Date Range
1/1/2007 - 1/1/2022
Summary
This economic trend measures the cost of professional liability insurance for residential intellectual and developmental disability, mental health, and substance abuse facilities. It provides insight into the operating expenses of these critical healthcare providers.
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 Professional Liability Insurance for Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms data series tracks the average cost of liability insurance for these specialized healthcare facilities. This metric is important for understanding the financial pressures and operational costs faced by providers of essential mental health and addiction treatment services.
Methodology
The data is collected through surveys of healthcare facilities.
Historical Context
Policymakers and healthcare analysts use this trend to assess the financial health and viability of residential mental health and addiction treatment providers.
Key Facts
- This trend has been tracked since 2007.
- Liability insurance is a major expense for these specialized healthcare providers.
- Costs have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average cost of professional liability insurance for residential intellectual and developmental disability, mental health, and substance abuse facilities in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial pressures and operational costs faced by providers of essential mental health and addiction treatment services, which is crucial information for policymakers, healthcare analysts, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys of healthcare facilities.
Q: How is this trend used in economic policy?
A: Policymakers and healthcare analysts use this trend to assess the financial health and viability of residential mental health and addiction treatment providers, which informs policy decisions and funding allocations.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Professional Liability Insurance for Residential Intellectual and Developmental Disability, Mental Health and Substance Abuse Facilities, All Establishments, Employer Firms (EXPPLI6232ALLESTEF), retrieved from FRED.