Health Insurance Survey Ogdensburg 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

State Farm
(315) 393-2551
316 Ford St
Ogdensburg, NY
Diocese of Ogdensburg Risk Management
(315) 393-0441
604 Washington St
Ogdensburg, NY
Maple City Insurance Agency Inc
(315) 393-4652
411 State St
Ogdensburg, NY
Connors Richard J
(518) 664-3872
84 Milton Ave
Ballston Spa, NY
La Rose David C Ins
(315) 393-2551
316 Ford St
Ogdensburg, NY
Wilder-Forsythe Agency Inc
(315) 393-4990
1815 Ford St
Ogdensburg, NY
Phillips J T Insurance
(315) 393-1961
422 State St
Ogdensburg, NY
Dunn Glass Agency
(315) 393-3805
6028 State Highway 68
Ogdensburg, NY
Lucas & Dake Company Inc
(585) 461-9245

Rochester, 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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