Health Insurance Survey Syosset 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

Crown I.T. Services
(516) 829-9270
20 Beverly Road
Great Neck, NY
Montefiore Medical Center
(718) 920-4321
111 East 210th Street
Bronx, NY
Liptis Laboratories, Inc.
(718) 378-0003
1612 Westechester Ave
Bronx, NY
Medical Billing Practices
(718) 353-2702
14-19 116st
College Point,, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
MedPlus Benefits
516-209-7468
29 Weston Place
Lawrence, NY
A.R.E. of NY
(212) 691-7690
241 W. 30th Street
New York, NY
Bankers Conseco Life of New York
70 West Red Oak Lane
White Plains, NY
3 elements healing arts center
718-428-6678
34-34 Bell Blvd
Bayside, NY
Budde Benefit Systems, LTD
631-598-3680
16 Riverside Avenue
Amityville, NY
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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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