Health Insurance Survey East Syracuse 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

Crowley Insurance Agency
(315) 437-2983
202 N Center St
East Syracuse, NY
Naples Joseph J & Assocs Llc
(315) 431-0688
6315 Fly Rd
East Syracuse, NY
The Central New York Group
(315) 434-8800
6314 Fly Rd
East Syracuse, NY
Lansing Insurance
(315) 437-5191
PO Box 86
East Syracuse, NY
Schriever Susan
(315) 671-1837
6314 Fly Rd
East Syracuse, NY
Metlife Auto & Home
(315) 656-2982
5900 N Burdick St Ste 200
East Syracuse, NY
National Life of Vermont
(315) 251-1425
6315 Fly Rd
East Syracuse, NY
Dunn Gregory P Jr
(315) 671-1824
6314 Fly Rd
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Judy A Gee Insurance
(315) 671-1827
6314 Fly Rd
East Syracuse, NY
Lansing Walter Eugene
(315) 437-5191

East Syracuse, 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.

Click here to read full article from Replacement Contractor

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