Doctors Are an Economic Force in Oklahoma
Oklahoma’s doctors are a boost prosperity in the state, creating 80,751 jobs and generating $13.4 billion in economic activity, according to a new report, The Economic Impact of Physicians in Oklahoma, released today by the Oklahoma State Medical Association (OSMA) and the American Medical Association (AMA).
The study quantifies the economic boost that 6,915 active patient care M.D. and D.O. physicians provide to the state’s economy, producing a ripple effect that is felt statewide. The study measures physicians’ impact using four key economic indicators:
- Jobs: Oklahoma’s M.D.s and D.O.s support 80,751 jobs, 11.7 for each physician on average.
- Economic activity: Physicians generate $13.4 billion in economic output, comprising 7.1 percent of Oklahoma’s economy. Each physician generates $1.9 million for the state economy on average.
- Wages & benefits: Physicians contribute $6.2 billion in total wages and benefits paid to workers across Oklahoma, empowering a high-quality, sustainable workforce. Each physician contributes $896,988 to workers’ wages and benefits on average.
- State and local tax revenue: Doctors’ contribution to the economy generates $466.1 million in state and local tax revenue for their communities–translating to $67,400 for each physician on average–enabling community investments to be made.
To learn more about the economic impact of Oklahoma’s doctors, visit PhysiciansEconomicImpact.org.