NJ Doctors Help Spur State’s Economy
The American Medical Association and the Medical Society of New Jersey are out with a new report that revealed New Jersey’s more than 22,374 patient care physicians support 234,906 jobs and generate $1.7 billion in economic activity.
The study, AMA Economic Impact Study, noted that it is vitally important to give lawmakers, regulators and policy makers reliable information about the economic impact that doctors provide.
“This study looks beyond patient care and the clinical aspects of physician practices and focuses on the enormous economic benefits offered by New Jersey physicians in boosting the state’s economy,” said Larry Downs, CEO of the Medical Society of New Jersey in an emailed press release Wednesday. “Physicians remain a significant source of job creation and drivers of local economies.”
According to the report, each doctor in New Jersey supported an average of 10.5 jobs, contributed to a total of $39 billion in economic output statewide and contributed to a total of $22.1 billion in wages and benefits statewide.
“Physicians carry tremendous responsibility as skilled healers charged with safeguarding healthy communities, but their positive impact isn’t confined to the exam room,” said AMA President Ardis Dee Hoven, M.D. in the emailed press release “The new study illustrates that physicians are strong economic drivers that are woven into their local communities by the economic growth, opportunity and prosperity they generate.”
To view the full report, go to www.ama-assn.org/go/eis.