The American Medical Association released a report showing physicians generate $1.6 trillion in economic activity.
The report is based on data gathered in 2012 and notes the economic impact physicians have on society. Additional findings from the report include:
• Each physician supports an average of 13.84 jobs
• Nationwide, physicians support 10 million jobs
• Each physician supports an average of $1.1 million in total wages and benefits
• Nationwide, physicians contributed to a total of $775.5 billion in wages and benefits
• Each physician supported $90,449 in local and state tax revenue
• Physicians contributed to $65.2 billion in local and state tax revenue nationwide
• Federal spending on physician services slowed between 2009 and 2012
• Every dollar applied to physician services supports an additional $1.62 in other business activity
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