Sec. 2. Findings
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Congress finds the following: According to a June 2021 study by the Association of American Medical Colleges, titled The Complexities of Physician Supply and Demand: Projections From 2019 to 2034 , the projected demand for physicians continues to exceed projected supply, with a projected shortage of between 37,800 and 124,000 physicians by 2034. Further, the study projects a shortage of between 21,000 and 77,100 nonprimary care physicians by 2034. A July 25, 2019, article, titled Implications of an Aging Rural Physician Workforce , published in the New England Journal of Medicine, estimates that the size of the workforce held relatively steady at about 12 physicians per 10,000 population in rural areas from 2000 to 2017, but such workforce is forecast to decrease by 23 percent by 2030.
According to the report by the Association of American Medical Colleges, titled Medical Student Education: Debt, Costs, and Loan Repayment Fact Card for the Class of 2020 , the percentage of medical school graduates with education debt is 73 percent and the average education debt amount for a medical school graduate is $207,003. Medical school debt accounts for 70 percent of overall student loan debt, and the median stipend for a medical graduate's first year after earning a medical degree is $58,305.