These are the jobs, spending, salaries, income taxes and other economic contributions
provided by your local hospitals and their employees.
N.J. Hospitals' Annual Contributions to Local and State Economies
-
145,000
full- and part-time jobs
- Total expenditures of
$18 billion
- Total employee salaries of
$7.12 billion
-
$2.2 billion
in services purchased from other businesses
-
$393.45 million
in state income taxes paid by hospital employees
-
$72.82 million
in state taxes paid directly by hospitals
-
In addition, New Jersey hospitals underwrote millions of dollars in shortfalls caused
by state and federal underfunding of key government healthcare programs. Those shortfalls
totaled $579 million for treating senior citizens on Medicare and $187 million for
treating patients enrolled in traditional Medicaid programs.
* This report is based on data from year-end 2007.
Hospitals are a critical source of jobs and economic growth. They are a vital part
of any economic recovery strategy.
Now
click here
to see the level of state underfunding for your local hospitals.
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