Health Insurance Survey Amsterdam NY

A new report from America's Health Insurance Plans (AHIP) says that health insurance premiums are growing at a reduced rate, despite increased use and higher costs, while health insurance plans' efforts are easing drug cost increases. The study found that premiums rose 8.8% between 2004 and 2005, which is 36% lower than the 13.7% increase in a similar report from 2002.

Local Companies

Allstate
(518) 843-1890
164 Guy Park Ave
Amsterdam, NY
Beatty Scott Agency Inc
(518) 843-0522
129 Wallins Corners Rd
Amsterdam, NY
Metlife Financial Services
(518) 842-9900
4720 State Highway 30
Amsterdam, NY
Lararou Insurance & Financial Services
(518) 843-3338
41 Market St
Amsterdam, NY
Di Blasi Agency Inc
(518) 842-3960
202 Guy Park Ave
Amsterdam, NY
Innovine Fedro
(943) 835-8383
CANADA
BC, VI
Kinowski Agency Inc
(518) 843-1253
478 Locust Ave
Amsterdam, NY
Desmoines Bookeeping Tax Preparation-Insurance
(518) 843-2511
38 E Main St
Amsterdam, NY
New York Central Mutual Fire Insurance Co
(518) 843-5280
Amsterdam Mall
Amsterdam, NY
Kerbelis & Sons Inc Insurance
(518) 842-1730
12 Mohawk Pl
Amsterdam, NY

Provided By:

Source: REMODELING Magazine
Publication date: April 1, 2006

By Nina Patel

A new report from America's Health Insurance Plans (AHIP) says that health insurance premiums are growing at a reduced rate, despite increased use and higher costs, while health insurance plans' efforts are easing drug cost increases. The study found that premiums rose 8.8% between 2004 and 2005, which is 36% lower than the 13.7% increase in a similar report from 2002. Higher use accounted for 43% of the rise, fueled by factors such as increased consumer demand, new and more intensive medical treatments and defensive medicine, as well as by aging and unhealthy lifestyles. Price increases in excess of inflation accounted for 30% of the rise and were impacted by movement among purchasers to broader-access health plans, provider consolidation, increased labor costs, and higher priced technologies.

Prescription drugs accounted for 16 cents of the premium dollar, and drug spending increased by 8.6%, which is lower than the double-digit jump of recent years. The report credited health insurance plans' prescription benefit tools and techniques with helping to slow drug spending.

The study, titled “The Factors Fueling Rising Healthcare Costs 2006,” was prepared for AHIP by Pricewaterhouse-Coopers.

Click here to read full article from Replacement Contractor

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