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February 25, 2013
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Indianapolis is one of 17 cities in which the YMCA is rolling out a demonstration project to prevent the spread of Type 2 diabetes among Medicare recipients. The program, developed by YMCA of Central Indiana and researchers at Indiana University, offers a yearlong course in exercise, dieting and individual counseling. The program’s success at preventing diabetes for people at risk has drawn financial support from such health insurers as Minnesota-based UnitedHealthcare, which piloted a 16-week version in Indianapolis three years ago. According to The Wall Street Journal, UnitedHealthcare spends $20,000 on average per year to treat a patient with advanced diabetes, but just $3,700 on average to treat a patient with prediabetes. So the insurer can save money even after paying the YMCA up to $500 per participant to help keep patients from developing full-blown diabetes.

The city of Carmel has finalized a five-year agreement with Indiana University Health to operate an employee health center, which is scheduled to open in May. The health center will be built inside the IU Health Sports Performance Center at 1402 Chase Court off Carmel Drive. It will provide primary health service free of charge to all individuals on the city of Carmel’s health plan including employees, dependents and retirees. A physician, a nurse manager and medical assistant will staff the center, which will be open 25 hours per week.

The Lung Care Group, a six-physician group of pulmonology and sleep specialists, has joined St. Vincent Medical Group, the physician arm of Indianapolis-based hospital system St. Vincent Health. The Lung Care Group, located at 8330 Naab Road, included Dr. Jerome Barnes, Dr. William Byron Jr., Dr. Thomas Holian, Dr. Brandon Perkins, Dr. Mitchell Pfeiffer and Dr. Praveen Vohra.

WellPoint Inc. will raise its quarterly dividend 30 percent. The Indianapolis-based health insurer says it will pay 37.5 cents per share in the first quarter, up from 28.7 cents in the fourth quarter. WellPoint expects to return about $2 billion to shareholders this year through the dividend and share buybacks. The new dividend is payable March 25 to shareholders of record at the close of business March 8.

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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