Health Insurance Survey Patchogue 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

Matthew Berman
1393 Veterans Memorial Highway
Hauppauge, NY
Allstate Insurance Companies
(631) 758-7225
629 Medford Ave
Patchogue, NY
Bay Harbour Insurance Agency
(631) 758-0666
88 Waverly Ave
Patchogue, NY
Barshay Agency
(631) 289-2221
450 Waverly Ave Ste 11
Patchogue, NY
Allstate Insurance Companies
(631) 289-5333
440 Waverly Ave
Patchogue, NY
Donald Conrad
1377 Motor Parkway
Islandia, NY
Conference Associates
(631) 654-0600
180 E Main St Ste 205
Patchogue, NY
Patchogue Insurance
(631) 654-3600
82 E Main St
Patchogue, NY
Tln Brokerage Inc
(516) 294-1600
70 Horseblock Rd
Patchogue, NY
Lighthouse Insurance Agency of Patchogue
(631) 289-6400
259 Medford Ave
Patchogue, NY
Data Provided by:
  

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 Patchogue 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.