Doctors supported over 150,000 jobs in 2015

A new report from the Wisconsin Medical Society and the American Medical Association shows doctors supported over 150,000 jobs in the state in 2015.

It measured the economic impact of the 12,598 active patient care physicians working in Wisconsin as of December 2015, focusing on four economic indicators: jobs, economic activity, wages and benefits, and state and local tax revenue.

“The positive impact of physicians extends beyond safeguarding the health and welfare of their patients,” said AMA President David Barbe. “The Economic Impact Study illustrates that physicians are woven into their local communities and have a vital role in fueling state economies by creating jobs, purchasing goods and services, and supporting public services through the tax revenue they generate.”

The report found that in 2015, doctors generated $13.3 billion in direct output and $12.5 billion in indirect output, for a total of $25.8 billion. That’s an average of just over $2 million per physician, and makes up about 8.5 percent of the state economy according to 2015 data from the U.S. Bureau of Economic Analysis.

See more at WisBusiness.com.

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