Health Care & Insurance

Reinsurance deal helps Conseco raise cash

November 20, 2009
J.K. Wall
Carmel-based Conseco's second deal with Minnesota-based Wilton Reassurance Co. will bring in $45 million.
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Conseco plans new stock offering

November 19, 2009
 IBJ Staff
Conseco Inc. plans to sell about $230 million in stock and use half of the net proceeds to repay debt under its senior credit agreement.
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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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  1. So as I read this the one question that continues to come to me to ask is. Didn't Indiana only have a couple of exchanges for people to opt into which were very high because we really didn't want to expect the plan. So was this study done during that time and if so then I can understand these numbers. I also understand that we have now opened up for more options for hoosiers to choose from. Please correct if I'm wrong and if I'm not why was this not part of the story so that true overview could be taken away and not just parts of it to continue this negative tone against the ACA. I look forward to the clarity.

  2. It's really very simple. All forms of transportation are subsidized. All of them. Your tax money already goes toward every single form of transportation in the state. It is not a bad thing to put tax money toward mass transit. The state spends over 1,000,000,000 (yes billion) on roadway expansions and maintenance every single year. If you want to cry foul over anything cry foul over the overbuilding of highways which only serve people who can afford their own automobile.

  3. So instead of subsidizing a project with a market-driven scope, you suggest we subsidize a project that is way out of line with anything that can be economically sustainable just so we can have a better-looking skyline?

  4. Downtowner, if Cummins isn't getting expedited permitting and tax breaks to "do what they do", then I'd be happy with letting the market decide. But that isn't the case, is it?

  5. Patty, this commuter line provides a way for workers (willing to work lower wages) to get from Marion county to Hamilton county. These people are running your restaurants, hotels, hospitals, and retail stores. I don't see a lot of residents of Carmel working these jobs.

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