Patient Out-Of-Pocket From Patients and Their Families for Outpatient Mental Health and Substance Abuse Centers, All Establishments, Employer Firms
OMHASACPOFP462142 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,966.00
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.
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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.