Degrees In Health Care

There are the fastest growing jobs in the medical industry–and then there are the ones with the largest pay spikes.

For prospective and current college students looking into pursuing a career as a doctor, the wages of rookie doctors are looking good. Med students worried about your accruing debt, rejoice!: there are increases in the starting salaries of many specialties as the medical field expands.

According to a survey conducted by the Medical Group Management Association, a trade group for medical groups, the specialties with the biggest jumps in 2008 from a year earlier (based on data from 3,520 physicians) is as follows:

• Neurology: $200,000 to $230,000; 15% increase
• Non-invasive cardiology: $350,000 to $400,000; 14.29% increase
• Anesthesiology: $275,000 to $312,500; 13.64% increase
• Emergency medicine: $192,000 to $215,040; 12% increase
• Internal medicine: $150,000 to $165,000; 10% increase

The Wall Street Journal: Independent Street discussed the incorporation of healthcare for small businesses. The proposal The Small Business Health Options Program, or SHOP, is estimated to bridge the gap between the uninsured employees of small business firms and insured employees of larger corporations. The proposal will allow $1,000 per employee and $2,000 per family, per year, for the small business venture approved for aid.

This will further increase the healthcare industry as Congress tries to work to make healthcare an option available to the entire nation. If the program is successful, healthcare jobs will flourish as the small business ventures opening in response to the economy continue to establish health insurance policies for their new employees.

Entrepreneurship, or small business ventures, make up half of the employees in the United States and pay for 45% of the economy’s income. They represent 99.7% of all business firms. For these small businesses to all have healthcare readily available means an equally drastic spike in the healthcare industry, as the United States health reform addresses the needs of these 27.2 million small businesses.

Although the medical industry is continuing to expand, providing more jobs to healthcare degree holders every year, medicare is dwindling. Recent research has shown medicare will run out by 2017, instead of the earlier projection of 2019. The decline in medicare funds is due to the decrease of taxable income, due to the decrease of [...]

A quick visit to the U.S. Bureau of Labor Statistics reveals that healthcare is the fastest growing industry in the United States. Of course, the hard data is based off a poll taken in 2006; but since then, there was a prediction of 3 million more jobs by 2016, and that prediction has not been [...]