Health Insurance Survey Vestal 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

A I P Associate In Protection
(607) 754-4883
408 Brook Hill Ave
Vestal, NY
Oliver William J Genl Ins
(607) 754-1411
825 Vestal Pkwy W
Vestal, NY
New York Life
(607) 729-3574
200 Plaza Dr Ste 5
Vestal, NY
John Hancock Financial Network
(607) 658-9213
1136 Front St
Vestal, NY
Kolcun Agency the
(607) 785-5581
1808 Vestal Pkwy E
Vestal, NY
Nationwide Mutual Ins Cos
(607) 748-6328
156 Vestal Pkwy E
Vestal, NY
Mather Brian K Agency Inc
(607) 748-1557
134 Front St
Vestal, NY
Partners Ellis-Edson-Beaudry-Barrett & Chubb Inc the
(607) 754-1411
825 Vestal Pkwy W
Vestal, NY
State Farm Agency Field Office
(607) 798-0452
4104 Vestal Rd
Vestal, NY
Drahcir Insurance Store
(607) 754-4883
408 Brook Hill Ave
Vestal, 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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