MA Ranked Among Worst States for Doctors
Wednesday, March 28, 2018
GoLocalWorcester News Team
Massachusetts is one of the worst states in the country for doctors.
“Doctors are among the highest-paid and most educated professionals in the U.S. Just consider the fact that “physician” is the most popular profession within the top 1 percent of earners. And the high salary average makes sense, given the importance of their life-saving work and the struggles that come with life in the medical profession,” said WalletHub.
- 45th Best - Highest Projected Competition by 2024
- 3rd - Least Punitive State Medical Boards
- 47th - Highest Malpractice Award Payout Amount per Capita
- 43rd Best - Opportunity & Competition
- 33rd Best - Medical Environment
Massachusetts is ranked directly behind Maryland and Oregon, who rank 44th and 45th respectively.
Massachusetts is ranked ahead of District of Columbia and Hawaii, who rank 47th and 48th respectively.
The best state for doctors is South Dakota, while the worst is New Jersey.
See the Full Rankings in the Map Below
In order to identify the best states for doctors, WalletHub compared the 50 states and the District of Columbia across two key dimensions, “Opportunity & Competition” and “Medical Environment.”
They evaluated those dimensions using 16 relevant metrics, which are listed below with their corresponding weights.
WalletHub then determined each state and the District’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample.
Opportunity & Competition – Total Points: 70
- Physicians’ Average Annual Wage: Double Weight (~11.68 Points)
- Physicians’ Average Monthly Starting Salary: Full Weight (~5.83 Points)
- Hospitals per Capita: Full Weight (~5.83 Points)
- Insured Population Rate: Full Weight (~5.83 Points)
- Employer-Based Insurance Rate: Full Weight (~5.83 Points)
- Projected Share of Elderly Population: Full Weight (~5.83 Points)
- Current Competition: Full Weight (~5.83 Points)
- Share of Medical Residents Retained: Full Weight (~5.83 Points)
- Projected Competition: Full Weight (~5.83 Points)
- Number of CME Credits Required: Full Weight (~5.83 Points)
- Presence of Interstate Medical Licensure Compact Law: Full Weight (~5.83 Points)
Medical Environment – Total Points: 30
- Quality of Public Hospital System: Full Weight (~6.00 Points)
- Physician Assistants per Capita: Full Weight (~6.00 Points)
- Punitiveness of State Medical Board: Full Weight (~6.00 Points)
- Malpractice Award Payout Amount per Capita: Full Weight (~6.00 Points)
- Annual Malpractice Liability Insurance Rate: Full Weight (~6.00 Points)