Health Insurance Survey Horseheads 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

Hurley Stephen D
(607) 739-3589
142 Gardner Rd
Horseheads, NY
Amorosi Agency the
(607) 739-8400
2750 Westinghouse Rd
Horseheads, NY
Nagle Stephen W
(607) 739-7991
2898 Westinghouse Rd
Horseheads, NY
Margenson & Associates Inc
(607) 796-4984
256 Stillwater Dr S
Horseheads, NY
Farmer W J Insurance
(607) 796-0551
106C John St
Horseheads, NY
Allstate Insurance
(607) 739-7991
2898 Westinghouse Rd
Horseheads, NY
Allstate Insurance Companies
(607) 739-7991
2898 Westinghouse Rd
Horseheads, NY
Metlife Auto & Home Insurance
(607) 795-3307
105 Fletcher St
Horseheads, NY
Allstate Insurance Companies
(607) 739-3498
108 N Main St
Horseheads, NY
State Farm Bank
(607) 739-3589
142 Gardner Rd
Horseheads, 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.

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