Expenditures: Health Insurance by Region: Residence in the Northeast Census Region
CXUHLTHINSRLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,249.00
Year-over-Year Change
110.03%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures health insurance expenditures by individuals residing in the Northeast Census Region of the United States. Understanding regional variations in healthcare costs is crucial for policymakers and economists analyzing healthcare affordability and access.
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 Expenditures: Health Insurance by Region: Residence in the Northeast Census Region series tracks monthly data on the average amount spent by consumers in the Northeast region on health insurance. This metric provides insights into healthcare spending patterns and the economic burden of insurance costs for households in this part of the country.
Methodology
The data is collected through consumer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this regional health insurance expenditure data to assess the impact of healthcare costs on household budgets and consumer behavior.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Health insurance is typically the second-largest household expenditure category after housing.
- Regional variations in healthcare costs can impact affordability and access to medical services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly expenditures by consumers residing in the Northeastern United States on health insurance premiums and costs.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional differences in healthcare costs is crucial for policymakers, economists, and consumers to assess the economic burden and affordability of medical insurance.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this regional health insurance expenditure data to evaluate the impact of healthcare costs on household budgets and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Expenditures: Health Insurance by Region: Residence in the Northeast Census Region (CXUHLTHINSRLB1102M), retrieved from FRED.