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Queens Chronicle

MDs give economy first-aid too

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Posted: Thursday, April 17, 2014 10:30 am

New York State’s physicians generated more than 570,000 jobs — nearly 10 jobs apiece — in 2012, according to a new study released Wednesday. The report, announced by the American Medical Association, also showed that economic activity by New York’s physicians generated $5.6 billion in state and local taxes, and over $57 billion in wages and benefits for New Yorkers.

Nationwide, the study said, patient care physicians contributed $1.6 trillion in economic activity and supported 10 million jobs in 2012. The efforts of New York’s physicians generated nearly $100 billion in economic activity, with each doctor here supporting nearly $1.7 million in output.

“While New York’s physicians naturally play an enormous role in preserving the health of the communities where we practice, they also are a major economic engine and job-creator for the State of New York” said Dr. Andrew Kleinman, president of the state Medical Society. “First and foremost, we are very proud to deliver the quality care every day that our patients need, but we are also very proud that we are a significant contributor to New York’s economy.”

The study can be found at mssny.org.

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