Physicians support 12.6 million jobs in the United States — 17.1 jobs each — and contribute $2.3 trillion to the economy, according to a new report from the American Medical Association (AMA). The report — prepared by the company — breaks down into four sectors the economic benefit of the 736,873 MDs and DOs in the United States (hospital or office-based) who care for patients. In addition to jobs and economic activity, the benefits reach to wages and benefits and state and local tax revenues. Physicians also contribute federal taxes, of course, but this paper did not calculate those contributions.
Physicians contribute $1 trillion in wages and benefits paid to workers, or an average $1.4 million each. Their contribution to state and local tax revenue that support their communities is $92.9 billion (an average of $126,129 for each physician). This paper looked at social insurance taxes…
