Health Insurance Survey Webster 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

Century Benefits Group
800-458-7805
100 White Spruce Blvd.
Rochester, NY
Pallini Laurie
(585) 872-1234
159 W Main St
Webster, NY
Whitman Lawr D Ins
(585) 671-5660
1217 Bay Rd
Webster, NY
Allstate Insurance Companies
(585) 872-1234
159 W Main St
Webster, NY
Nationwide Insurance Company
(585) 872-3130
98 North Ave
Webster, NY
Century Benefits Group, Inc.
585-224-8138
100 White Spruce Blvd
Rochester, NY
SimCo
(585) 750-3246
232 South Plymouth Ave Suite 100
Rochester, NY
Taylor Walter C Agency Inc
(585) 671-8330
1630 Empire Blvd
Webster, NY
Papke Craig
(585) 670-0830
790 Ridge Rd
Webster, NY
Kuhn James C Clu Chfc
(585) 872-7160
647 Northlight Cir
Webster, 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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