Health Insurance Survey Liverpool 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

Venture Agency Group
(315) 546-0030
7496 Oswego Rd
Liverpool, NY
State Farm
(315) 457-2561
512 Oswego St
Liverpool, NY
Leonard Hatch Naples Inc
(315) 461-1282
7481 Henry Clay Blvd Ste 1
Liverpool, NY
Ciotti Agency Inc.
(315) 652-4663
7496 Oswego Rd
Liverpool, NY
Penny Levos Agency Inc
(315) 622-1208
4531 Route 31
Liverpool, NY
Lindberg Group the
(315) 457-5189
116 Salina St
Liverpool, NY
Ross-Stepien & Kadey Inc
(315) 457-1511
7143 Henry Clay Blvd Ste 1
Liverpool, NY
Cny Insurance Agency
(315) 453-2100
4205 Long Branch Rd
Liverpool, NY
Lutheran Brotherhood
(315) 451-0252
326 1st St
Liverpool, NY
First United American Life
(315) 451-2544
1020 7th North St
Liverpool, 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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