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

Desocio Agency Inc
(315) 468-3254
2851 Milton Ave
Syracuse, NY
M & T Insurance Agency
(315) 424-5100
101 Salina St
Syracuse, NY
Sgroi John J Ins & Rl Est
(315) 422-6128
901 Lodi St
Syracuse, NY
Real Estate Investors of Cny
(315) 475-0701
1000 Lemoyne Ave
Syracuse, NY
First Fortis Life Insurance Company
(315) 451-0066
220 Salina Meadows Pkwy
Syracuse, NY
Blue Ridge Insurance
(315) 451-2246
200 Salina Meadows Pkwy
Syracuse, NY
Robert J Hanafin Inc
(315) 428-1135
126 N Salina St Ste 300
Syracuse, NY
Lobevero Insurance Agency
(315) 472-2354

Syracuse, NY
Metlife
(315) 451-4020
301 Plainfield Rd Ste 240
Syracuse, NY
Caryl & Murray Inc
(315) 478-8891
375 W Onondaga 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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