Health Insurance Survey Oneonta 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

Gordon B Roberts Agency Inc the
(607) 436-9742
22-26 Watkins Ave
Oneonta, NY
Allstate Insurance Companies
(607) 432-3015
15 S Main St
Oneonta, NY
Don Marsh Agency
(607) 432-8834
75 Chestnut St
Oneonta, NY
Excellus Blue Cross Blue Shield
(607) 433-2113
189 Main St Ste 101
Oneonta, NY
Neighbors Insurance
(607) 433-0989
5375 State Highway 7 Ste 2
Oneonta, NY
Barry Scott Agency Inc
(607) 432-5763
34 Main St Ste 2
Oneonta, NY
Ellis William E
(607) 432-3910
571 Main St
Oneonta, NY
Safeguard Bio Med Svcs Inc
(607) 432-7929
116 Chestnut St
Oneonta, NY
Tg & Tm Hughson Inc
(607) 432-7296
326 Main St
Oneonta, NY
Safeguard Bio Med Svcs Inc
(607) 432-7928
116 Chestnut St
Oneonta, 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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