Health Insurance Survey Gloversville 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

Salvione Ins Agy Inc
(518) 725-5143
189 N Main St
Gloversville, NY
Northwestern Mutual Life Ins Co
(518) 725-5217
84 N Main St
Gloversville, NY
Schermerhorn Insurance Agency
(518) 725-5143
191 N Main St
Gloversville, NY
Burton Agency Inc
(518) 725-1016
23 W Fulton St
Gloversville, NY
Salvione Insurance Agency Inc
(518) 725-8466
189 N Main St
Gloversville, NY
S & S Enterprises
(518) 725-5143
PO Box 962
Gloversville, NY
Albanese Insurance Agency
(518) 725-3305
135 E State St
Gloversville, NY
Irwin Siegel Agency
(518) 725-5800
76 Saratoga Blvd
Gloversville, NY
Salvione Insurance Agency Inc
(518) 783-5700
189 N Main St
Gloversville, NY
Schermerhorn Agency Ins
(518) 725-8419
189 N Main St
Gloversville, 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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