October 2015 Economic Commentary

Stemming Florida's Physician Shortage

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For many Floridians, especially our elderly residents, visiting the doctor is a necessity for maintaining a comfortable, healthy life. Despite advances in delivery methods, new medical schools, and its emergence as a global medical tourism destination, Florida’s healthcare system is facing a significant challenge, as the demand for doctors in the state of Florida is outpacing the current supply. This issue affects not only Florida’s healthcare system, it can also have repercussions on the economy.

According to a recent study commissioned by teaching and safety net hospitals, Florida will have a shortage of approximately 7,000 doctors by the year 2025, largely as a result of Florida’s aging physician population and the lack of young doctors practicing within the state. According to the American Medical Association (AMA), nearly 30 percent of Florida’s physicians are at least 60 years of age, but roughly only 10 percent of the physicians in the state are under the age of 35, meaning that without an influx of younger physicians, Florida’s demand for physicians will even further outpace the current supply rate.

The Author

Kyle Baltuch, M.S., Economist. Kyle earned a Master’s degree in Applied Economics from Florida State University and was the Neil S. Crispo Fellow at Florida TaxWatch prior to coming on as an Economist.

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TEL: 850.222.5052     |     FAX: 850.222.7476

Media Inquiries:  Contact Leah Courtney by Email or Phone: 850.212.5052

Media Inquiries:
Contact Leah Courtney by Email
or Phone: 850.212.5052