Health Insurance Survey Newburgh 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

Gale Cohen, LMT
845-294-0111
11 Webster Avenue
Goshen, NY
New Paltz Rescue Squad
(845) 255-1719
PO Box 594
New Paltz, NY
Family of New Paltz
(845) 255-7957
51 North Chestnut Street
New Paltz, NY
Marshall & Sterling, Inc.
(845) 567-1000
103 Executive Drive, Suite 300
New Windsor, NY
Integrated Feeling Therapy, Inc.
(845) 255-4143
27 North Chestnut Street
New Paltz, NY
Elant, Inc.
845-291-3700
46 Harriman Drive
Goshen, NY
Wingate at Ulster
(845) 691-6800
One Wingate Way
Highland, NY
Integral Chiropractic
(845) 255-3300
3 Paradies Lane
New Paltz, NY
Allstate Insurance Company - Richard Ostrander Agency
(845) 255-3178
234 Main Street, Suite 1
New Paltz, NY
Mark L. Parisi, PhD.
(845) 255-2259
52 South Manheim Boulevard
New Paltz, 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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