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

Donovan Funeral Home
845-294-6422
82 South Church Street
Goshen, NY
Integral Chiropractic
(845) 255-3300
3 Paradies Lane
New Paltz, NY
Brinckerhoff and Neuville Insurance Group Inc.
(845) 452-1776
1134 Main Street
Fishkill, NY
Edward Jones
(845) 255-2955
243 Main Street , Suite 100
New Paltz, NY
Mark L. Parisi, PhD.
(845) 255-2259
52 South Manheim Boulevard
New Paltz, NY
Goshen Family Dentistry
845-294-8089
1995 Route
Goshen, NY
Chester Pediatrics
845-291-7059
2 Coates Drive
Goshen, NY
Roots & Wings
(845) 255-2278
12 Ramah Lane
New Paltz, NY
Allstate Insurance Company - Richard Ostrander Agency
(845) 255-3178
234 Main Street, Suite 1
New Paltz, NY
State Farm Insurance - Jim DeMaio Agency
845-255-5180
246 Main Street, Suite 12 Cherry Hill Center
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

Related Article
- Health Insurance for the Unemployed Newburgh 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.