My apologies to all Masters, but 8 years ago this degree was described to me as the "booby prize". Originally it was designed as a teaching degree or for someone that did not complete a PhD. I'm not sure what it means now. It will help you for med school, but not beyond. Unless of course you've done some research in your future field. As for a PhD, if you complete one based in biomedical research and apply to a residency within a 2 year time frame, you will be highly rewarded for your endeavors with interviews at the best schools.
-Joe