Health Care & Insurance

Indiana No. 3 in premium surge

November 18, 2009
J.K. Wall
Health insurance costs have spiked 136 percent in past decade, more than three times more than wage growth.
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Lilly stock droops after rival claims faster-acting impotence pill

November 18, 2009
 IBJ Staff
California-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly's Cialis.
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Arcadia sees bigger quarterly loss on lower revenue

November 16, 2009
J.K. Wall
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
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New Anthem pay-for-performance program gives docs $3.1M

November 14, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments based on a local quality measuring system.
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Lilly, WellPoint CEOs pin health care reform hopes on Senate

November 14, 2009
 IBJ Staff
After the U.S. House of Representatives narrowly passed a sweeping health care overhaul, leaders of Indiana’s two largest health care entities turned their hopes to the U.S. Senate to give them a bill more to their liking.
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Hancock Regional Hospital goes after Geist market

November 14, 2009
Kathleen McLaughlin
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
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Health reform prods partnership of St. Vincent, OrthoIndy

November 13, 2009
J.K. Wall
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health's decision to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
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Indiana near top in smoking survey; national rate rises

November 13, 2009
 IBJ Staff and Associated Press
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana had the second highest smoking rate among states.
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Hill-Rom's fourth quarter profit exceeds expectations

November 12, 2009
 IBJ Staff
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended Sept. 30.
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Vera Bradley gives another $10M to IU cancer center

November 12, 2009
 IBJ Staff
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
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Lilly to pay Utah $24 million to settle Zyprexa suit

November 11, 2009
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic drug Zyprexa.
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Council resurrects workplace smoking ban proposal

November 10, 2009
 IBJ Staff
Two weeks after reaching a stalemate on a proposal that would broaden the city's workplace smoking ban, City-Council Council members voted Monday night to resurrect the measure.
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Arcadia adds Goldsmith to board, seeks $11M in offering

November 9, 2009
J.K. Wall
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise $11.1 million in a registered direct stock offering.
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Struggling Bioanalytical Systems adds outsider to boardRestricted Content

November 7, 2009
Peter Schnitzler
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
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Catholic-owned builder edges into IndianapolisRestricted Content

November 7, 2009
Norm Heikens
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to a 12th century mystic.
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WellPoint, Obama administration battle over cost of health reform to employers

November 7, 2009
 IBJ Staff
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance for employers.
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IUPUI mulling options for old Wishard Hospital siteRestricted Content

November 7, 2009
J.K. Wall
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for medical research space, university administrators said.
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Daniels blasts House health bill

November 5, 2009
J.K. Wall
In letter to Indiana congressmen, the governor says the reform bill would kill jobs with 'enormous' new taxes.
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Senate probing WellPoint, others over small-biz rates

November 4, 2009
 IBJ Staff and Associated Press
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price the coverage they sell to small businesses.
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Work on new Wishard Hospital set to start next week

November 4, 2009
J.K. Wall
After winning 83-percent support for $754 million hospital, Wishard officials hope to sell bonds, pick construction firm by year's end.
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New Wishard gets overwhelming approval in referendum

November 3, 2009
 IBJ Staff
Unofficial results from Tuesday night's special election show more than eight out of 10 Marion County voters supporting a new $754 million hospital for Wishard Health Services.
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Wishard receives $6 million gift from Fairbanks

November 3, 2009
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
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Health insurer Anthem's market share swells

October 31, 2009
J.K. Wall
Indianapolis-based WellPoint Inc.'s Anthem Blue Cross and Blue Shield subsidiary claimed 42.5 percent of central Indiana residents covered by private health insurance this year, up from 35-percent last year, according to a market research firm.
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Steak n Shake's Biglari adds intrigue by buying stake in insurer

October 31, 2009
Greg Andrews
The Indianapolis-based company's CEO revealed earlier this year that he intends to use Steak n Shake as a holding company that will pursue purchases “either related or unrelated to its ongoing business activities.”
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TechPoint to focus on IT firms specializing in medical, life sciences sectorsRestricted Content

October 31, 2009
Chris O'Malley
Long tracking the emergence of information technology firms involved in the health and life sciences sector, the state’s IT trade group, TechPoint, is undergoing a mitosis of sorts to help fuel the trend. It has created Advancing Life Science & Health Care Information Technology, or ALHIT, which will focus on growing this subset of the IT realm.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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