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MDNY Healthcare Announces Premium Rate Decrease for 2006

While most health insurers annually post double-digit rate increases, Long Island-based MDNY Healthcare is in fact lowering certain rates to make health insurance more affordable. Through unification of its current HMO product lines and networks, much of its membership will experience a rate reduction this upcoming January.



In addition to lowering rates and unifying product lines, MDNY Healthcare is expanding its current network, adding more than five hundred new physicians in 2006.



"Recent mergers in the industry have significantly reduced employer choice. Though small, MDNY will emerge as the largest remaining independent health insurance company in Nassau and Suffolk Counties. This January, we will be offering local employers the least expensive HMO option in the area. Choice and affordability are keys to employer and employee satisfaction", states James Fricchione, Executive Vice President of Sales and Marketing.



About MDNY

MDNY Healthcare is a $150 million a year health insurance company, founded by a group of physicians over ten years ago, with more than 7,100 provider locations in Nassau and Suffolk counties. Moving forward, MDNY plans to diversify its product offerings and expand its geographic service area. For more information, please visit http://www.mdny.com.

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