Health Insurance Survey Fairport 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

Century Benefits Group
800-458-7805
100 White Spruce Blvd.
Rochester, NY
State Farm Mutual Automobile Insurance Co
(585) 377-1270
30 Jefferson Ave
Fairport, NY
Canaltown Insurance
(585) 425-1450
6800 Pittsford Palmyra Rd Ste 200
Fairport, NY
Companion Life Insurance Co
(585) 381-6700
255 Woodcliff Dr
Fairport, NY
Insurance Consultants of Rochester Inc
(585) 223-3712
6605 Pittsford Palmyra Rd
Fairport, NY
Century Benefits Group, Inc.
585-224-8138
100 White Spruce Blvd
Rochester, NY
SimCo
(585) 750-3246
232 South Plymouth Ave Suite 100
Rochester, NY
Seventh District Dental Administrators Inc
(585) 385-6540
255 Woodcliff Dr
Fairport, NY
Blatt G James Jr Clu Ins
(585) 586-6300
420 Willowbrook Office P
Fairport, NY
Huck Lawson Ins
(585) 223-2533
205 Packetts Ldg
Fairport, 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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