Health Care & Insurance

Tougher smoking ban passes committee

October 15, 2009
 IBJ Staff
An ordinance that would prohibit lighting up in bars, bowling alleys and nightclubs, and nearby outdoor seating areas as well, was endorsed 4-2 by a City-County Council committee Wednesday night.
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Planned Parenthood cuts jobs, closing health centers

October 14, 2009
Scott Olson
Planned Parenthood of Indiana has cut 25 jobs and will close six health centers around the state as part of a restructuring it attributed to a decline in federal funding.
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Conseco shares soar on hedge-fund investment

October 14, 2009
J.K. Wall
Shares of Carmel-based life insurer soared as much as 26 percent, to $6.30 apiece, in morning trading after New York-based Paulson & Co. agreed to buy $78 million in Conseco stock and $200 million in company bonds.
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Lilly to pay Idaho $13M in drug settlement

October 14, 2009
 IBJ Staff and Associated Press
Idaho is getting $13 million as part of a settlement reached with Indianapolis-based Eli Lilly and Co. over its marketing of anti-psychotic drug Zyprexa.
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Conseco to sell shares, bonds to shore up finances

October 13, 2009
J.K. Wall
Hedge fund will control nearly 10 percent of Carmel-based insurer.
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Indiana Health Information Exchange lands big insurer

October 13, 2009
J.K. Wall
UnitedHealthcare has become the second health insurer to join Quality Health First, a pay-for-performance program operated by the Indiana Health Information Exchange, the exchange announced Tuesday.
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VIDEOS: IBJ panelists examine needs, options for health-care reform

October 13, 2009
J.K. Wall
Presenting five video excerpts from a free-wheeling panel discussion about health-care reform featuring five of the city's top decision-makers. J.K. Wall moderates the IBJ's Power Breakfast, covering tort reform,illegal immigrants, pay models and insurance companies.
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WellPoint memos show job cuts starting with mid-level execs

October 10, 2009
J.K. Wall
With a national unemployment rate of nearly 10 percent eroding its customer base, WellPoint Inc. is cutting at least 30 middle-management employees and reshuffling its corporate organization, according to internal memos obtained by IBJ.
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My Health Care Manager lands $3 million investmentRestricted Content

October 10, 2009
Peter Schnitzler
The company, which guides working adults and their parents through the maze of decisions and agencies involved in care for seniors, plans to use the money primarily to augment its sales staff and operations.
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Proposed Fishers medical park faces uncertain demandRestricted Content

October 10, 2009
Scott Olson
The business park would encompass about 900 acres on the town’s northeast side and require rezoning of much of the land, from residential and agriculture to commercial.
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WellPoint shares partially recover after Thursday plunge

October 9, 2009
J.K. Wall
Shares of WellPoint Inc. partially recovered Friday morning after a plunge was touched off Thursday by gathering momentum behind health care reform and talk of a windfall-profit tax by Speaker of the House Nancy Pelosi.
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Lilly settles Zyprexa suit with S. Carolina

October 7, 2009
 IBJ Staff
Eli Lilly and Co. has agreed to settle the State of South Carolina's lawsuit that claimed Lilly improperly marketed the antipsychotic drug Zyprexa, according to Bloomberg News.
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Health reform could swamp doctors

October 3, 2009
 IBJ Staff
Health reform that would cover millions of uninsured Americans would theoretically send a flood of new patients to physicians. Yet in Indiana and nationwide, there’s already a shortage of doctors.
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IUPUI researchers land $22M in stimulus grants

October 1, 2009
J.K. Wall
Researchers at IUPUI have been awarded more than $22.3 million in grants by the National Institutes of Health, according to U.S. Rep. Andre Carson. The money is part of a $5 billion program that was part of the federal stimulus bill approved earlier this year, and will fund medical research across the country.
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Indiana hospitals settle Medicare lawsuit

September 30, 2009
 IBJ Staff
Six hospital systems, including three in Indiana, have agreed to pay the federal government $8.3 million to settle a whistleblower lawsuit alleging the hospitals deliberately overcharged Medicare for routine back surgeries.
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Hospitals, doctors finally integrating patient care

September 26, 2009
J.K. Wall
The stitching together of doctors and hospitals—two groups that historically have kept each other at arm’s length—is a trend picking up speed locally and nationally and could accelerate even further if Congress passes health care reform.
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Region below average on Obama's health care cost measureRestricted Content

September 26, 2009
J.K. Wall
The tool the administration is using to measure waste shows that expenses in Indianapolis might be low enough not to get whacked. But the region isn’t performing so well that it’s likely to get much praise, either.
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St. Francis resumes work on $265M project

September 24, 2009
J.K. Wall
With its financial performance exceeding expectations, St. Francis Hospital & Health Centers will resume construction on a $265 million, 221-bed patient tower at its Indianapolis campus, the hospital system announced Thursday.
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Lilly's win in Evista patent case crucial, analyst says

September 24, 2009
Scott Olson
A decision by a federal judge in Indianapolis to turn back a patent challenge to Eli Lilly and Co.'s Evista marks a major victory for the company, says an analyst who closely follows the pharmaceutical industry.
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Judge upholds Lilly's Evista patent

September 24, 2009
J.K. Wall
A federal judge in Indianapolis turned back a patent challenge to Eli Lilly and Co.’s drug Evista, the company announced late yesterday.
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Lilly Endowment funds OrthoWorx effort with $7 million

September 23, 2009
J.K. Wall
A new group expected to develop the orthopedic implants industry in Warsaw will be able to proceed now that Indianapolis-based Lilly Endowment Inc. is putting $7 million behind it, according to an announcement this morning.
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Lilly agrees to settle more state Zyprexa suits

September 22, 2009
Eli Lilly and Co. has agreed to confidential terms to settle lawsuits brought by seven states alleging the company illegally marketed bestselling antipsychotic drug Zyprexa, Bloomberg News reported today.
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Mead Johnson plans expansion in Evansville

September 21, 2009
 IBJ Staff and Associated Press
Mead Johnson Nutrition plans to spend nearly $33 million at a southwestern Indiana facility where it plans to start making powdered infant formula products.
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Chamber puts support behind Wishard hospital proposal

September 21, 2009
J.K. Wall
The Greater Indianapolis Chamber of Commerce announced its support for construction of a new Wishard Hospital and promised to take a leadership position to help hospital leaders win voter approval for the project.
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Lilly revises playbook in effort to score more 'touchdowns'

September 19, 2009
J.K. Wall
The drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the last four years has a new drug actually made it to market—the industry’s equivalent of getting across the goal line.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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