Health Insurance Survey New City 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

Optimum Health Card
(201) 568-1948
80 Center Park West
Saddle Brook, NJ
Mel Barlin
(845) 425-3508
2 Falcon Court
Chestnut Ridge, NY
Warren Institute
(845) 365-0801
Prel Plaza
Orangeburg, NY
Anthony Shark
29 adrian avenue suite D-6
bronx, NY
Jared Cutler
611 Pondside Drive
White Plains, NY
Dental and Cosmetic Group of Westchester
(914) 683-5203
10 Mitchell Place
New York, NY
Hudson Health Plan
(914) 372-2082
303 S. Broadway
Tarrytown, NY
Opus Advisory Group, LLC
(914) 825-1010
2500 Westchester Ave
Purchase, NY
Vista Health Solutions
(845) 753-2320
31 Park Ave
Suffern, NY
William Martone
50 Main Street
White Plains, NY
Data Provided by:
  

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

Related Article
- Health Insurance for the Unemployed New City NY
When it comes to health insurance for the unemployed, affordability is particularly crucial. This is one of the reasons the Department of Health and Human Services has been emphasizing the importance of cutting costs from the healthcare system in general.