While the overall U.S.population is expected to grow by more than 10 percent by 2032, the65 and older population is expected to rise by 48 percent.(Photo: Getty)

Between a growing and aging population and longer life spans, therewill be nearly 122,000 fewer physicians than are needed by2032.

That's according to new data from the Association ofAmerican Medical Colleges, which has previously projected similarshortfalls ranging from 46,900 to 121,900 physicians.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.