Health Insurance Survey Kingston 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

Performance Sports & Wellness
(845) 255-1200
3 Cherry Hill Road
New Paltz, NY
New Paltz Imaging
(845) 255-9700
279 Main Street, Suite 103
New Paltz, NY
Glen F. Kubista & Associates
(845) 338-8062
242 Broadway
Port Ewen, NY
Aflac
(845) 401-1237
1 Mohonk Avenue
New Paltz, NY
John Slicker, LMT dba Core Energetics Therapy
(845) 255-4780
4 Moonstone Road
New Paltz, NY
Wingate at Ulster
(845) 691-6800
One Wingate Way
Highland, NY
Anthony J. Angiolillo, DDS
(845) 883-9595
60 Park Lane Suite 3
Highland, NY
Edward Jones
(845) 255-2955
243 Main Street , Suite 100
New Paltz, NY
Genworth Financial
(845) 679-2017
12 Park Drive
Woodstock, NY
Vicki Koenig, MS, RD, CDN
(845) 255-2398
7 Innis Ave
New Paltz, 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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