Medical Briefs
Large Nursing Shortage Projected
The current nursing shortage is projected to become worse, according to an article in a recent issue of Health Affairs. The authors project that the U.S. health care system will have a deficit of 260,000 registered nurses by 2025. They cite the rapidly aging work force as a primary contributor to the projected shortage.
What Medical School Costs
According to the American Association of Medical Colleges, average annual tuition and fees at private U.S. medical schools was $41,225 for residents and $42,519 for nonresident students for the 2008-2009 school year. State schools cost an average of $23,581 per year for state residents and $43,587 for nonresidents.
2010 Plan Limits
Most of the tax law limits applicable to retirement plan contributions will remain unchanged in 2010. For example, elective deferrals to 401(k) and 403(b) plans can total as much as $16,500. The limit for employees age 50 or older making catch-up contributions stands at $22,000. And the maximum IRA contribution is $5,000 ($6,000 for individuals age 50 and older).
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Health Care Commentaries is
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Health Care Team
for our clients and other interested persons upon request. Since
technical information is presented in generalized fashion, no final
conclusion on these topics should be made without further review. For
additional information on the issues discussed, please contact a member
of our Health Care Team. This
document is not intended or written to be used, and cannot be used, for
the purpose of avoiding tax penalties that may be imposed on the
taxpayer.
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