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Illinois Physicians Significantly Boost State Economy
Posted on: 4/18/2014

Illinois's nearly 30,000 physicians play an essential role in the state's economy by supporting more than 300,000 jobs and generating billions of dollars in economic activity, according to a new study released by the American Medical Association. 

The study estimated the total economic impact physicians offer in all 50 states (and Washington D.C.), measuring jobs, wages, benefits, and sales and tax revenue.

Overall findings for Illinois include:

  • Jobs: Each Illinois physician is responsible for, on average, 11 jobs.
  • Wages and benefits: Illinois physicians as a whole support nearly $30 billion in total wages and benefits.
  • Sales: The Illinois medical "industry" generates more than $50 billion in sales revenue for the state.
  • Tax revenue: More than $2 billion a year in local and state tax revenue is paid by Illinois physicians.

It's clear from the study Illinois physicians have a positive and lasting impact on not only the health of their patients, but on the economic stability of our state.

And because the study also confirms that a physician-friendly health care environment is necessary to attract and retain physicians, let's hope lawmakers in Springfield make such an environment a high priority.

View the full results for Illinois.

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