Study: CA physicians account for $160+ billion in economic impact and almost 1 million jobs April 23, 2014 General Patient Care Activities 0 California’s 85,943 patient care physicians fulfill a vital role in the state’s economy by supporting 983,990 jobs and generating $162.6 billion in economic activity, according to a new report by the American Medical Association (AMA). The report notes that given the changing health care environment, it is paramount to quantify the economic impact physicians have on society. To provide lawmakers, regulators and policymakers with reliable information, the report measured the economic impact of California physicians according to four key economic barometers. Jobs: Each physician supported an average of 11.45 jobs and contributed to a total of 983,990 jobs statewide. Output: Each physician supported an average of $1.9 million in economic output and contributed to a total of $162.6 billion in economic output statewide. Wages and Benefits: Each physician supported an average of $1.03 million in total wages and benefits and contributed to a total of $88.071 billion in wages and benefits statewide. Tax Revenues: Each physician supported $90,814 in local and state tax revenues and contributed to a total of $7.81 billion in local and state tax revenues statewide. The AMA study looked at physicians who engage in patient care activities, as opposed to those who focus on research or teaching. To view the full report and an interactive map of the United States, please visit www.ama-assn.org/go/eis. Comments are closed.
