Healthcare Facts in New York
With a population of 19.7 million residents and more than 8.4 million living in New York City alone, what happens in New York has a dramatic impact on the healthcare industry nationwide. The Affordable Healthcare Act has resulted in a significant increase in the number of residents of the state who are covered by health insurance. 49 percent of residents now have health insurance through an employer, with 24 percent of residents covered by Medicaid, and 13 percent currently enrolled in the Medicare program. About 6 percent of residents are not covered by health insurance. More than 3.4 million residents of the state enrolled through the state-run ACA program.
Cost of Healthcare in New York
New York is among the highest for healthcare spending per capita, ranking second in the nation. Private spending on healthcare has increased faster than public spending. The largest employers contribute a much higher share of premium costs than employers in other states, with employer-sponsored health insurance costs rising significantly.
Healthcare: A Booming Industry in New York
New York currently has 77,332 practicing physicians: 34,578 primary care physicians, and 42,745 physicians practicing specialties, with 11,852 practicing in New York City. The highest population of physicians in the metropolitan areas is ranked in the following order:
- General Surgery
- Cardiovascular disease specialists
- Diagnostic Radiology
- Emergency Medicine
Physician Burnout: The Impact
A recent survey of almost 7,000 physicians revealed 45 percent of those surveyed met the burnout criteria, with the highest numbers of physicians suffering symptoms practicing in general internal medicine, family medicine, and emergency medicine. Practicing medicine goes far beyond the skills gained at medical school and residency; the administration of a practice is time-consuming and complex, and often a stressful aspect of establishing a practice. A physician typically chooses his or her field due to a deep desire to help others and be a positive force in the community, whether the practice is family medicine, plastic surgery, dental health, or other specialty.