Health Insurance Survey Queensbury 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

Cna Insurance Company
(518) 798-2300
4 Whispering Pines Way
Queensbury, NY
Northern Partners
(518) 761-4130
12 Founders Way
Queensbury, NY
Hein Kenneth A
(518) 761-6781
78 Glenwood Ave
Queensbury, NY
Worlco Managmnt Svces Inc
(518) 798-0642
527 Bay Rd
Queensbury, NY
Daley Robert S
(518) 793-5681
39 Main St
Queensbury, NY
Allstate Insurance Companies
(518) 761-6781
78 Glenwood Ave
Queensbury, NY
Cool Insuring
(518) 812-0830
2 Country Club Rd
Queensbury, NY
Allstate Insurance Companies
(518) 793-5681
39 Main St
Queensbury, NY
Family Insurance Agency Inc
(518) 745-5100
Quaker & Country Clu
Queensbury, NY
Abodeely Linda M
(518) 793-3131
328 Bay Rd
Queensbury, 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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