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Monday, March 28, 2011

TMA-AMA STUDY: TEXAS PHYSICIANS A ROBUST PART OF TEXAS ECONOMY

Texas office-based physicians generate $63.6 billion in economic output each year, 5.6 percent of the state’s total gross domestic product, according to a new study we’re releasing today. The 42,000-plus physicians support almost 250,000 jobs in the state, produce nearly $40 billion in wages and benefits, and are responsible for $2.1 billion in state and local taxes. We are working with county medical societies to publicize physicians’ local economic impact. TMA collaborated with the American Medical Association to complete the study, which found that office-based physicians nationwide contribute $1.4 trillion in economic activity.

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