Health Insurance Survey Wappingers Falls 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

New Paltz Rescue Squad
(845) 255-1719
PO Box 594
New Paltz, NY
MVP Health Care
(845) 897-6353
1 Summit Court, Suite 200
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State Farm Insurance - Jim DeMaio Agency
845-255-5180
246 Main Street, Suite 12 Cherry Hill Center
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Vail and Sutton, Inc.
(845) 452-1776
39 Market Street
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John Slicker, LMT dba Core Energetics Therapy
(845) 255-4780
4 Moonstone Road
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The Culinarians' Home Foundation, Inc.
(845) 255-7010
71 Old Tschirky Road
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Anthony J. Angiolillo, DDS
(845) 883-9595
60 Park Lane Suite 3
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Fox Insurance Agency
(845) 691-6600
82 Vineyard Avenue
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Ulster Savings Bank - Ulster Insurance Services, Inc.
(845) 255-5470
226 Main Street
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Sobel Orthotics & Shoes
(845) 255-5717
5 Mohonk Ave
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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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