Health Insurance Survey Elmira 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

Sprint
(607) 739-4900
Arnot Mall
Elmira, NY
Clune Phillip C Ins
(607) 734-3381
358 S Walnut St
Elmira, NY
Brand John Skip Ins III
(607) 734-4291
100 W Church St
Elmira, NY
Autoglass Insurance Company
(607) 734-0011
1120 Magee St
Elmira, NY
Tri Town Insurance Agy
(607) 734-1633
221 W Church St
Elmira, NY
Michael Dinich
2382 Elmira Street
Sayre, PA
Lynch Patrick M
(607) 739-3498
108 N Main St
Elmira, NY
Perry & Carroll Inc
(607) 734-4291
100 W Church St
Elmira, NY
Northwestern Mutual Life Ins Co
(607) 734-4291
100 W Church St
Elmira, NY
Stewart Agency Inc.
(607) 734-6527
2205 College Ave
Elmira, 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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