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Economic impact of community hospitals in Michigan in 2016 (in million U.S. dollars)

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Economic impact of community hospitals in Michigan 2016 This statistic depicts the impact of community hospitals on the economy in Michigan in 2016. In that year, hospital expenditures in Michigan came to some 30.6 billion U.S. dollars, while the effect of these expenditures on the state's total economic output was approximately 64.05 billion U.S. dollars.
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Economic impact of community hospitals
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Economic impact of community hospitals
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Description Source More information
This statistic depicts the impact of community hospitals on the economy in Michigan in 2016. In that year, hospital expenditures in Michigan came to some 30.6 billion U.S. dollars, while the effect of these expenditures on the state's total economic output was approximately 64.05 billion U.S. dollars.
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Release date
May 2018
Region
United States
Survey time period
2016
Supplementary notes
Hospital labor income is defined as payroll plus benefits. Expenditures are defined as total expenditures minus bad debt.
* Multipliers released in 2010 and subsequent years no longer include the national level multipliers needed for the U.S. summary row. BEA RIMS-II (1997/2006) multipliers released in 2008 and applied to 2015 AHA annual survey data were used instead. The “multiplier” is the factor by which spending in one sector of the economy affects other sectors. For example, nationally each hospital results in a total of 2.8 jobs in the economy as a whole because hospital employees use their wages to purchase goods and services which creates income and jobs for other businesses.

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