WalletHub Report: Best & Worst States for Doctors

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WalletHub Press Release

Doctors are among the most highly paid, educated and celebrated professions in the United States. The profession has also been undergoing intense change in recent years, with the Affordable Care Act, the rise of branded hospital networks, the impending retirement of Baby Boomers and an increasingly litigious society all complicating the lives of doctors and providing pause to potential white-coats.

With that in mind, the personal finance website WalletHub today released its report on the Best & Worst States for Doctors in 2015. The report uses 12 key metrics – ranging from average annual wages and salary disparities to patient population size and state medical board punitiveness to rank each of the 50 states as well as the District of Columbia. A few main findings are included below.

Best States for Doctors Worst States for Doctors
1 South Carolina 42 New Hampshire
2 Minnesota 43 Delaware
3 Texas 44 Alaska
4 Mississippi 45 Connecticut
5 Kansas 46 Maryland
6 Wisconsin 47 Maine
7 Tennessee 48 New York
8 Iowa 49 Oregon
9 Idaho 50 New Jersey
10 North Dakota 51 Rhode Island

Key Stats

  • Surgeons in Kansas make twice as much as those in Connecticut, when average annual wages are adjusted for cost of living.
  • The District of Columbia has ten-times as many physicians per capita as Arizona. D.C. is also projected to have six-times as many doctors per capita as Mississippi in 2022.
  • By 2030, in Florida the percentage of people age 65+ will be twice as high as in Utah.
  • Wyoming’s state medical board is twice as punitive as South Carolina’s.
  • The amount of malpractice award payouts per capita in New York is 35-times higher than that in North Dakota. As a result, malpractice liability insurance rates in New York are six-times higher than in Wisconsin.

For the full report and to see where your state ranks, please visit:
http://wallethub.com/edu/best-and-worst-states-for-doctors/11376/

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