Health Care And Social Help Revenues Cost $1.3 Trillion In 2003
Revenues for the nation’s health care and social assistance industries rose 7 percent to $1.3 trillion in 2003 from $1.2 trillion in 2002, the U.S. Census Bureau has reported.
Industries included in the health care and social assistance sector are hospitals; physicians’ offices; child and youth services; and services for the elderly and persons with disabilities. Revenue figures include data from taxable and tax- exempt employer and nonemployer firms.
Tables from the 2003 Service Annual Survey: Health Care and Social Assistance Services show hospital revenues in 2003 reached $536 billion, an increase of 6 percent.
Major sources of revenue for hospitals in 2003 were private insurance ($204 billion, up 8 percent), Medicare ($167 billion, up 2 percent) and Medicaid ($65 billion, up 7 percent).
Revenues for nursing and residential care (employer firms only) were $127 billion in 2003, a 5 percent increase from the previous year.
Major sources of payment for nursing and residential care were Medicaid ($52 billion, up 5 percent), out-of-pocket payments from patients and their families ($29 billion, up 4 percent), and Medicare ($17 billion, up 9 percent).
Revenues for home health care services (employer firms only) totaled $36 billion in 2003, a 12 percent increase over 2002.
The three major sources of revenue for home health care services were Medicare ($13 billion, up 19 percent), Medicaid ($10 billion, up 16 percent) and private insurance ($6 billion, up 5 percent).
Estimates in this report are based on data from the 2003 Service Annual Survey. They contain sampling and nonsampling errors. To keep the identity of an individual firm confidential, some estimates may be suppressed. Users making their own estimates, based on the survey estimates, should cite the U.S. Census Bureau as the source of the original estimates only.
