Health Insurance Survey Baldwin 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

Mecca Electronics Industries
(718) 361-9001
10-16 44th Drive
Long Island City, NY
North Shore-Long Island Jewish Health System
(516) 465-8000
145 Community Drive
Great Neck, NY
Urgent Care Center of New York
(212) 737-1212
952 5th Avenue
New York, NY
Medical Billing Practices
(718) 353-2702
14-19 116st
College Point,, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Dr. Harvey Perlow
(212) 838-5535
9 E. 62nd Street
New York, NY
Slimnergy Nutrition Center
(718) 230-4039
586 Pacific Street
Brooklyn, NY
D & L Landes Inc.
(212) 861-9108
P.O. Box 20344
New York, NY
3 elements healing arts center
718-428-6678
34-34 Bell Blvd
Bayside, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Data Provided by:
  

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

Related Article
- Health Insurance for the Unemployed Baldwin NY
When it comes to health insurance for the unemployed, affordability is particularly crucial. This is one of the reasons the Department of Health and Human Services has been emphasizing the importance of cutting costs from the healthcare system in general.