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

Dickerson & Meany, Inc.
845-294-5141
50 Greenwich Avenue
Goshen, NY
Elaine Ramos, LCSW
(845) 255-8014
42 North Chestnut Street
New Paltz, NY
Accent Financial Group
(845) 255-1341
243 Main Street, Suite 130
New Paltz, NY
Sobel Orthotics & Shoes
(845) 255-5717
5 Mohonk Ave
New Paltz, NY
Donald L. Grumbine, CSW
(845) 255-8830
15 High Ridge Road
New Paltz, NY
Allstate
845-294-4790
204 Main Street
Goshen, NY
State Farm Insurance
845-294-9101
99 Route
Goshen, NY
Integrated Feeling Therapy, Inc.
(845) 255-4143
27 North Chestnut Street
New Paltz, NY
Liberty Mutual
(845) 471-6500 ext.53445
1110 Rt. 55
LaGrangeville, NY
Juice Plus
845-255-8545
1 Ridge Road
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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