Health Insurance Survey Malone 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

Sauve Earl Ins Agency
(518) 483-5171
129 Meehan Rd
Malone, NY
True Insurance Agency
(518) 483-3076
3415 State Route 11
Malone, NY
Cardinal Agency Inc
(518) 483-2210
26 Elm St
Malone, NY
King-Clark Co Inc
(518) 483-3280
3415 State Route 11
Malone, NY
Allstate Insurance Companies
(518) 483-0650
39 Rockland St
Malone, NY
Fuller Insurance Agency Inc
(518) 483-3570
368 W Main St
Malone, NY
Adirondack Insurance
(518) 483-6153
7 Finney Blvd
Malone, NY
K Spencer Dumont Insurance
(518) 483-9167
129 Meehan Rd
Malone, NY
Kenneth J Karleskent Inc Insurance
(518) 483-2441
380 W Main St
Malone, NY
Gallivan Insurance Brokerage
(518) 483-6153
7 Finney Blvd
Malone, 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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