Health Insurance Survey Massena 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

Burke Geore
(315) 764-9144
51 Stoughton Ave
Massena, NY
State Farm Insurance
(315) 764-0189
57 E Orvis St
Massena, NY
Nationwide Insurance Co
(315) 764-0286
229 E Orvis St
Massena, NY
Anderson Ken Agency
(315) 769-8263
244 Main St
Massena, NY
Davis John Ins
(315) 764-9144
51 Stoughton Ave
Massena, NY
United Healthcare Medicare & Retirement
315-600-7861
42 Belmont Street
Massena, NY
Allstate Insurance
(315) 764-9144
51 Stoughton Ave
Massena, NY
North Country Agency
(315) 769-9054
361 E Orvis St
Massena, NY
Post Tom
(315) 764-0189
57 E Orvis St
Massena, NY
White Adams Insurance Agency
(315) 764-0286
229 E Orvis St
Massena, 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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