Saginaw and Great Lakes Bay Regional Medical Data
|
Health Care & Social Assistance |
| Area |
2006 |
2007 |
2008 |
2009 |
2010 |
+/- |
| Great Lakes Bay MWA |
17.1 |
17.9 |
19.2 |
19.8 |
19.7 |
2.6 |
| United States |
13.0 |
13.2 |
13.6 |
14.8 |
15.2 |
2.2 |
|
Sources: Bureau of Labor Statistics; Michigan Department of Energy, Labor and Economic Growth - Office of Labor Market Information |
Strong growth in the Health service sector has continued to solidify the Saginaw region as a hub for medical care for northern and central Michigan.
The Great Lakes Bay Region has a higher percentage of employment in Health Care & Social Assistance when compared to the country as a whole. The share of Health care employees at the regional level increased from 17.1% to 19.7% creating 1,554 jobs during the 2006-2010 period.
|
The Economic Impact of Saginaw County Health Care |
| |
Direct Jobs |
Indirect &
Induced Jobs |
Total |
| # of Employees |
16,716 |
11,564 |
28,280 |
| Wages & Salary |
$831,034,694 |
$420,791,626 |
$1,251,826,320 |
| Federal, State & Local Tax Revenue Generated* |
$342,879,059 |
|
Total Value Added by the Health Care Sector ** |
$1,666,787,498 |
Refers to tax revenue generated to federal, state and local governments paid by the county's health care sector, their suppliers and employees.
**The health care sector includes hospitals; offices of physicians, dentists and other health care providers; nursing and residential care facilities; other ambulatory health care services; and home health services. Total value added by the health care sector is the total value of production of goods and services. This total value-added amount is not simply the sum of the numbers that appear here as "totals."
Source: IMPLAN® V.3 software (2009 data), and American Hospital Association Annual Survey (2009 data). IMPLAN® is a modeling system that allows users to build economic models to estimate the impact of economic activities and changes in states, counties and local communities. IMPLAN® datafiles are compiled from many sources, but mostly from federal government sources including the U.S. Bureau of Economic Analysis, U.S. Bureau of Labor and the U.S. Census Bureau. |
The impact has also been felt in the pocket book as the direct impact of health care in Saginaw County amounted to more than $1.6 billion in direct and indirect revenue in 2009. The Great Lakes Bay MWA impact of health care totaled nearly $2.59 billion for 2009.