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Census Bureau: Health Care Industries Showed Modest Growth in Revenue in 2008
Date:12/16/2009

WASHINGTON, Dec. 17 /PRNewswire-USNewswire/ -- Health care sector revenue increased by 5.7 percent in 2008 to $1.75 trillion, up from $1.66 trillion in 2007, according to new data from the U.S. Census Bureau. This sector is classified under the North American Industry Classification System as NAICS 62.

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These figures come from the 2008 Service Annual Survey: Health Care and Social Assistance, a series of tables which provides estimates of revenue, sources of revenue and expenses for taxable and tax-exempt employer establishments that provide health care and social assistance to individuals.

"In spite of only small increases in some industries over the past year, the health care sector continues to represent a sizable portion of our economy," said Mark Wallace, chief of the Census Bureau's Service Sector Statistics Division. "At $1.75 trillion, this sector made up 30 percent of the service sector in 2008, which itself represented about 55 percent of the economic activity in the United States."

Revenues from community care facilities (NAICS 6233) for the elderly saw modest growth in 2008, reaching $35.5 billion in 2008, an increase of 3.3 percent from 2007, according to new data from the U.S. Census Bureau.

Continuing care retirement communities (NAICS 623311) increased 3.1 percent in 2008 compared with a 9.8 percent increase in 2007. This industry is comprised of establishments primarily engaged in providing residential and personal care services for the elderly and other persons who are unable, or do not desire, to fully care for themselves.

The homes for the elderly indu
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SOURCE U.S. Census Bureau
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