Health Insurance Survey Dunkirk 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

Fidelis Care New York
(716) 363-1020
529 Central Ave
Dunkirk, NY
AAA Insurance Agency
(716) 366-3599
3968 Vineyard Dr
Dunkirk, NY
Willoughby Insurance
(716) 366-4000
338 Central Ave
Dunkirk, NY
Willoughby Insurance
(716) 366-4000

Dunkirk, NY
Glenn David G Agency Inc
(716) 366-6878
609 Central Ave
Dunkirk, NY
Hometown Insurance
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35 W 6th St
Dunkirk, NY
Willoughby Insurance
(716) 366-4000
338 Central Ave
Dunkirk, NY
Arnold Kukuda Insurance
(716) 592-0529
1170 Central Ave
Dunkirk, NY
Kukuda John C Insurance Agency
(716) 363-7620
1170 Central Ave
Dunkirk, NY

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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.

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