Health Insurance Survey Syracuse 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

Mony Group the Mony Life Insurance Co
(315) 477-8800
1 Mony Pz
Syracuse, NY
Goetzmann & Associates
(315) 701-0244
247 W Fayette St
Syracuse, NY
Calie Insurance Agency
(315) 422-5100
829 N Salina St
Syracuse, NY
Northeast Mutual Ins Co
(315) 448-1964

Syracuse, NY
Decisive Difference Inc
(315) 433-1180
2000 Teall Ave
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Parsons & Associcates Inc
(212) 344-1341

Syracuse, NY
Kelly Robert L
(315) 425-8101
108 E Washington St
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Jackson Cynthia R
(315) 445-0019
3680 Erie Blvd E
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Allstate Insurance Companies
(315) 468-3254
2851 Milton Ave
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Farmers Insurance Group of Companies
(315) 701-0965
3100 James St
Syracuse, 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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