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Monday, April 21, 2014

PHYSICIANS HELP CREATE A HEALTHY TEXAS ECONOMY

Texas’ practicing physicians are worth billions to the state's economy and $1.6 trillion to the whole country, according to a new report from the American Medical Association. The economic impact study found Texas physicians support 522,619 jobs and generate $78.6 billion in economic activity, including $43 billion in wages and benefits, and $2.5 billion in local and state tax revenues. “Unlike last week's Medicare payment data dump, these numbers are supported by solid analysis and reported in rich context,” said TMA President Steve Brotherton, MD. “The bottom line is that Texas' physician practices, without a doubt, are good for the economic health of our communities and our state.” IMS Health prepared “The National Economic Impact of Physicians” for the AMA.

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