Mental health treatment revenue jumped almost 50% in U.S. from 2015 to 2021

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Mental health treatment revenue jumped almost 50% in U.S. from 2015 to 2021
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Opioid addictions and the COVID-19 pandemic jacked up the collective revenue of U.S. mental health providers from $68 billion in 2015 to $103 billion in 2021, the Census Bureau reported Wednesday.

Estimated revenues at the offices of therapists, psychologists and other practitioners without a medical degree led the way, doubling from $7.9 billion in 2015 to $16.2 billion in 2021. That topped the revenue increases for public and private psychiatric and substance abuse hospitals that prescribe medications, she noted.

Government-owned psychiatric and substance abuse hospitals experienced the lowest increase of all mental health industries, climbing by 12.0% from $12.3 to $13.8 billion over the same period. The Census Bureau report noted that the Department of Health and Human Services declared the opioid addiction crisis a public health emergency in 2017, with the problem continuing during the pandemic “despite mounting efforts to control it.”

It added that mental health providers are treating a growing number of Americans addicted to opioids such as the illegal drug heroin and legally prescribed pain relievers such as oxycodone, codeine, morphine, and the powerful synthetic painkiller fentanyl. According to HHS’ Substance Abuse and Mental Health Services Administration, 9.2 million people abusedNearly 1 in 4 adults experienced mental illness in 2021 as pandemic shutdowns and remote work and school orders fueled a rise in emotional disorders, according to the SAMHSA data Ms.

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