Physicians play a critical role in national and state economies, according to one expert.
Office-based practices like yours supported 4 million jobs nationally in 2009, according to a new report from the American Medical Association (AMA).
That figure includes jobs at the practices and those at vendors and retailers where staff members spend their earnings. Physicians support an average of 6.2 jobs each, including their own. One physician leads to about $100,000 in state and local tax revenue and $2.2 million in overall economic activity, the study found.
"Physicians play a vital role in national and state economies," says AMA President Cecil B. Wilson, MD. "Physicians are not only providing excellent patient care. Physicians provide jobs, purchase goods, and generate tax revenue."