Archive for the 'Health Care' Category

BEA Releases New Batch of Health Care Statistics

doctor-medical-medicine-health-42273The Bureau of Economic Analysis released a fresh set of statistics Wednesday detailing how much the United States spends to treat different diseases and medical conditions.

The numbers, which cover 2013, offer new insights into health care, which accounts for more than 17 percent of the U.S. economy.

Here are some of the findings:

  • Spending per person and the average expenditure to treat medical conditions (i.e., the price of treatment) each grew at the rate of 1.9 percent in 2013 from 2012. This growth rate is lower than the historic averages over the 2000 to 2012 period, when per person spending grew at an average annual rate of 5.4 percent and the expenditure per treatment grew at a rate of 4.3 percent.
  • The price of treating digestive conditions, such as abdominal hernia and appendicitis, grew at the fastest pace in 2013, increasing at a 6.9 percent rate. (That’s 1 percent faster than average rate logged from 2000 to 2012.)
  • The price of treating mental illness grew at the slowest pace, rising just 0.5 percent in 2013. (That’s 2 percent slower than the average rate from 2000-2012.)
  • The top three spending disease categories in 2013 were: symptoms, including check-ups, and some preventative services; circulatory; and musculoskeletal. These were also the top three spending categories in 2012.
  • Of those three disease categories, the symptoms category, which also includes allergies and flu-like symptoms, topped growth in spending by increasing $13.5 billion between 2012 and 2013. That was followed by the musculoskeletal category at $7.9 billion in growth. Circulatory spending came in at $240 million.

The statistics are part of BEA’s Health Care Satellite Account, created in 2015, to offer a new way of looking at health care spending.  This data project breaks out spending by the treatment of disease, such as circulatory diseases or cancers, rather than by place of service, such as hospital or doctor’s office.

The statistics cited in this blog come from BEA’s “Blended Account,” which combines data from multiple sources, including large claims databases, covering millions of enrollees and billions of claims.  The newly released statistics, along with information about BEA’s Health Care Satellite Account, are available on our public website.

BEA Constantly Innovates to Produce New Statistics Measuring the U.S. Economy

bea_logo_0The Bureau of Economic Analysis is producing new economic statistics over the course of this year that offer businesses and households additional tools to make informed decisions and illustrate BEA’s innovative approach to better measure the dynamic U.S. economy.

Arts and Culture Statistics: These new annual statistics, released on Jan. 12, show the impact of arts and culture on the U.S. economy. The new data provides detailed information on spending on arts and culture as well as employment in those industries.

Health Care Statistics: BEA released data on Jan. 22 that — for the first time — provides information about the changes in prices to treat different diseases — illustrating trends in prices from 2000 through 2010. BEA also released new statistics on spending to treat different medical conditions for those same years. Data for 2011 and 2012 will be released in the spring.

• State Economic Activity: BEA on Sept. 2 will start releasing on a regular basis new quarterly statistics detailing economic activity in each state. The data offers a more up-to-date picture of how the states economies are faring and provides a more detailed view of economic activity across the entire United States.

• Consumer Spending by State:  BEA will begin producing these new annual statistics on a regular basis starting Dec. 1.  The data shows how much consumers spend in each state and provides details on the kinds of goods and services they buy.

New International Investment Statistics: These statistics, which BEA plans to release later this year, provides information on “greenfield” investment – investment that occurs when a foreign firm establishes a new U.S. business or expands an existing one by building a new plant or facility.

While each of these new statistics target different pieces of the U.S. economy, they all demonstrate BEA’s innovative approach to economic measurement. The first four examples leverage existing sets of source data in new ways to provide additional insight into the workings of the U.S. economy. The last item represents a new data collection effort that will pave the way for a new set of statistics on foreign investment.

Other innovations at BEA will allow more regional economic statistics to be released.

The new data provides businesses with more tools to make decisions about hiring and investment and can aid individuals looking to relocate for a job or to find a new job.

These new estimates are just a few of the ways that BEA is innovating to better measure the 21st Century economy. Providing businesses and individuals with new data tools like these is a priority of the Commerce Department’s “Open for Business Agenda.”

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