Health Insurance Survey Jamestown 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

Chautauqua Patrons Insurance Company
(716) 664-5813
529 W 3rd St
Jamestown, NY
Ives-Johnson Agency Ins
(716) 488-1191
214 N Main St Ste 3
Jamestown, NY
Short & Smith Insurance Associates
(716) 487-1917
560 W 3rd St
Jamestown, NY
Carlson Randall A Ins
(716) 484-8252
430 Fairmount Ave
Jamestown, NY
Nationwide Insurance Company
(716) 664-5905
751 Foote Ave
Jamestown, NY
Lockwood Agency Inc
(716) 664-3110
617 N Main St
Jamestown, NY
Gray Robert E Insurance
(716) 488-0488
500 Pine St Ste 11
Jamestown, NY
Bankers Conseco Life
(716) 661-3250
34 Scott St
Jamestown, NY
New England Mutual Life Insurance Co
(716) 664-5960
306 Spring St
Jamestown, NY
Henderson Rhoe B Insurance Agency
(716) 483-1886
552 W 3rd St
Jamestown, 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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