Thursday, February 3, 2011

Now Available: State-By-State Economic Analysis of LTC

February 3, 2011
AHCA/NCAL recently released an analysis of the economic impact of nursing facilities on national, state and local economies. Available in a state-by-state, one-pager format, the data findings underscore the important role that nursing facilities play in the economy, and is helpful in urging lawmakers to protect the funding streams for long term care.

National findings include:
  • Long term care is the nation’s 10th largest employer
  • Long term care supports 3.7% of the nation’s Gross Domestic Product (GDP)
  • Echoing the national figure, there are 20 states where long term care is in the top ten of largest employers.
  • There are 10 states in which long term care employs more than 10,000 individuals.
  • Long term care is a top ten employer base in 172 congressional districts.
  • There are 50 congressional districts where long term care employs more than 10,000 individuals.
  • In 25 of 29 congressional districts in New York, long term care is in the top ten employers.
You can access state-specific information via an interactive map on the AHCA/NCAL website.

With business lines stretching well beyond health care into transportation, food service, real estate and other sectors that keep the economy strong, long term care facilities rank ahead of industries such as merchandise retail (2.9 million), food retail (2.9 million) and both military (2.3 million) and non military federal government personnel (2.1 million) in terms of largest overall employment.

The analysis was based on data and compiled by AHCA using Impact Analysis for Planning (IMPLAN) data software, which allows for in-depth examinations of state, multi-county, county, sub-county, and metropolitan regional economies.

Do you plan on using this data in your state?

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