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Health Care, Social Assistance Revenues Up 6 Percent, Census Bureau Reports
EMBARGOED UNTIL: 12:01 A.M. EST, NOVEMBER 30, 2001 (FRIDAY) Public Information Office CB01-188 301-457-3030/301-457-3670 (fax) 301-457-1037 (TDD) e-mail: pio@census.gov Dave Lassman/Michael Viverette 301-457-2826 Radio Soundbites Health Care, Social Assistance Revenues Up 6 Percent, Census Bureau Reports The Commerce Department's Census Bureau reported today that revenues for the nation's health care and social assistance industries increased by 6 percent between 1999 and 2000, from $1.00 trillion to $1.06 trillion. The tabulations, available on the Internet for both employer and nonemployer firms, show revenues for physicians' offices increased 7 percent, to $215 billion; dentists' offices, 8 percent, to $61 billion; and hospitals, 4 percent, to $430 billion. The overwhelming majority of health service revenues in 2000 -- 97 percent, or $1.03 trillion -- were recorded by firms with paid employees (employer firms). They reported $971 billion in revenues in 1999. The major sources of revenues to physicians' offices in 2000 (employer firms only) were: - Private insurance -- $97 billion or 48 percent; - Medicare -- $48 billion or 24 percent; - Patient "out-of-pocket" payments -- $23 billion or 11 percent; and - Medicaid -- $14 billion or 7 percent. Major sources of payments to hospitals were: - Private insurance payments -- $155 billion or 36 percent; - Medicare -- $139 billion or 32 percent; and - Medicaid -- $52 billion or 12 percent. The health care and social assistance estimates are contained in the 2000 Service Annual Survey report. The health care and social assistance sector includes ambulatory health-care services, hospitals, nursing and residential care facilities, and social assistance, such as child and youth services, services for the elderly and persons with disabilities, and child day care services. The tables show separate estimates for taxable and tax-exempt, selected businesses. Subsequent reports will cover computer services, selected financial industries, the information sector, and trucking and warehousing. The data are subject to sampling variability and nonsampling errors. Sources of nonsampling error include errors of response, nonreporting and coverage. Measures of sampling variability, presented as relative standard errors, are shown in the tables. |
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Source: U.S. Census Bureau | Public Information
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