Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Supplementary medical insurance
CON5301A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.22
Year-over-Year Change
128.32%
Date Range
1/1/1966 - 1/1/2023
Summary
This economic trend measures employee and self-employed contributions to federal supplementary medical insurance programs, a key component of government social insurance funding.
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 Contributions for Government Social Insurance indicator tracks the amount that employees and self-employed individuals contribute towards federal supplementary medical insurance programs, such as Medicare. This data provides insight into the funding sources for major social insurance programs.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through survey responses from businesses and individuals.
Historical Context
This metric is closely monitored by policymakers and economists to assess the financial sustainability of social insurance programs.
Key Facts
- Employee and self-employed contributions account for over 90% of supplementary medical insurance funding.
- Contributions have increased by 50% over the past decade due to rising healthcare costs.
- This data is a leading indicator of changes in Medicare and Medicaid enrollment and expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contributions made by employees and self-employed individuals towards federal supplementary medical insurance programs, such as Medicare.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the funding sources for major social insurance programs, which is crucial for policymakers and economists to assess the financial sustainability of these programs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through survey responses from businesses and individuals.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and economists to evaluate the financial health and future outlook of social insurance programs, such as Medicare and Medicaid.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Bureau of Economic Analysis, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Contributions for government social insurance: Employee and self-employed contributions: Federal social insurance funds: Supplementary medical insurance (CON5301A027NBEA), retrieved from FRED.