Personal finance website WalletHub has released a new report, 2019's Best & Worst States for Doctors, in which Montana is revealed to be the best state for doctors to practise medicine and New York the worst.
WalletHub compared the 50 states and the District of Columbia across two key dimensions, ‘Opportunity & Competition’ and ‘Medical Environment’, which were evaluated using 18 key metrics including average annual wage of physicians to hospitals per capita and quality of public hospital system. Overall score was obtained by grading each metric and calculating a weighted average across all metrics.
Mississippi was found to have the highest average annual wage for surgeons (adjusted for cost of living) at US$316,828, which is 2.7 times higher than in the District of Columbia, the lowest at $117,763.
The lowest number of physicians per 1,000 residents was found to be in Oklahoma, at 0.99, while the highest was in the District of Columbia (6.2). The highest projected share of the population aged 65 and older by 2030 is in Florida, at 27.08 per cent, and the lowest annual malpractice liability insurance rate was found to be in Nebraska – $4,977.