Health Insurance Survey Middletown 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

Donovan Funeral Home
845-294-6422
82 South Church Street
Goshen, NY
Inspire ┬ĘC The CP Center
845-294-7300
2 Fletcher Street
Goshen, NY
State Farm Insurance
845-294-9101
99 Route
Goshen, NY
Gale Cohen, LMT
845-294-0111
11 Webster Avenue
Goshen, NY
Sprague & Killeen, Inc.
(845) 647-9100
116 Canal Street
Ellenville, NY
Goshen Family Dentistry
845-294-8089
1995 Route
Goshen, NY
Dupee & Monroe, PC
845-294-8900
P.O. Box 470,211 Main Street
Goshen, NY
Chester Pediatrics
845-291-7059
2 Coates Drive
Goshen, NY
Wallace & Berry Associates, Inc.
845-294-6161
210 Main Street
Goshen, NY
Med-Efficient Billing
347-726-0603
4 Budd Ave
Middletown, 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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