Health Care & Insurance

NCAA settles head injury suit, will change rules

July 29, 2014
Associated Press
The NCAA agreed Tuesday to settle a class-action head injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma.
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CNO sees higher earnings, revenue in latest quarter

July 28, 2014
 IBJ Staff
CNO Financial Group Inc. earned $78.1 million compared with profit of $77.1 million in the same period of 2013.
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Deal worth $17B aimed at improving veteran health care

July 28, 2014
Associated Press
The bipartisan agreement includes $10 billion in to make it easier for veterans who can't get prompt appointments with Veterans Affairs doctors to obtain outside care; $5 billion to hire doctors, nurses and other medical staff; and about $1.5 billion to lease 27 new clinics across the country.
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Roche drug trial backs Lilly on Alzheimer’s findings

July 28, 2014
J.K. Wall
Results of a Roche clinical trial mirror those produced by an experimental Lilly drug two years ago. Lilly executives say that validates their approach in the multi-billion-dollar race to market the first drug to reverse Alzheimer's.
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BOHLER SMITH: Forsaken vacation hits business two waysRestricted Content

July 26, 2014
Jamie Bohler Smith / Special to IBJ
There is truth in the old adage that all work and no play makes Jack a dull boy, but it also makes Jack unhappier, less healthy and not as effective of an employee.
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UPDATE: Four doctors arrested in clinic raids

July 25, 2014
Associated Press
Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. A dozen additional suspects, including three other doctors, were either under arrest or being sought by police.
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Feds cap fines for not buying health insurance

July 24, 2014
Associated Press
Federal researchers predict that about 4 million people, including dependents, could be hit with fines by 2016.
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Feds scrutinize Indiana for Medicaid backlog

July 24, 2014
J.K. Wall
More than 80,000 Hoosiers had their applications for the Medicaid health benefits stuck in a backlog in May, prompting the federal government to launch a special review next week.
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Lilly sales, profit drop but beat analysts' expectations

July 24, 2014
J.K. Wall
Indianapolis-based Lilly and Co. lost 17 percent of its revenue during the second quarter as U.S. patents expired on its bestselling drugs Cymbalta and Evista.
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Dueling rulings: Courts split on health law clash

July 22, 2014
Associated Press
President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday.
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Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
 Bloomberg News and IBJ Staff
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
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Online insurance brokerage sets sights on Indiana

July 21, 2014
J.K. Wall
Obamacare could, according to some health insurance experts, cause most small businesses to end their group health plans. Now a new venture-backed company opening up shop in Indiana is trying to make that prediction a reality.
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Western Indiana health care system announces cuts

July 19, 2014
Associated Press
A health care system that includes a Terre Haute hospital says it will cut 150 jobs by the end of the year.
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Regenstrief taps Deloitte to pick up more health care industry clients

July 14, 2014
J.K. Wall
With federal health research funding in decline, Indianapolis-based Regenstrief Institute Inc. wants to make up the difference by serving pharmaceutical companies, medical device makers, health insurers and hospital systems.
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Mouse clicks replace stethoscopes as U.S. web care grows

July 14, 2014
Bloomberg News
To cut medical costs and diagnose minor ailments, WellPoint Inc. and Aetna Inc., among other health insurers, are letting millions of patients get seen online first.
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WellPoint stock ascends to a record $110 per share

July 12, 2014
J.K. Wall
Indianapolis-based WellPoint saw its shares close July 9 at $110.87 per share, compared with less than $85 just five months ago.
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Commuting safely on bike can require counterintuitive behavior

July 12, 2014
Kathleen McLaughlin
The rate of bike commuting in Indianapolis has more than doubled since 2000, but many cyclists still don’t know—or follow—some basic guidelines that can keep them safe.
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WellPoint CEO: Insurer preparing for technology wave

July 10, 2014
Associated Press
In a wide-ranging interview, WellPoint Inc. CEO Joseph Swedish says adapting to technology is a top priority as he leads the nation's second largest health insurer.
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NCAA seeks injury reduction with fewer full-contact practices

July 8, 2014
Bloomberg News
The recommendation is among a set of guidelines created to “generate a cultural shift within college athletics,” the Indianapolis-based NCAA said Monday.
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New Obamacare rule could boost WellPoint

July 7, 2014
J.K. Wall
The U.S. Department of Health and Human Services proposed a rule that would automatically re-enroll exchange plan customers each year, which would help companies like WellPoint that sold aggressively on the exchanges in their first year.
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Obamacare generates windfall for insurersRestricted Content

July 5, 2014
J.K. Wall
Obamacare’s tax credits are pumping nearly $400 million into the coffers of health insurers in Indiana this year, according to data released by the federal government and the insurance companies.
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Express Scripts cuts payments for customized drugs

July 3, 2014
Associated Press
The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed medicines are ineffective or overpriced.
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CNO upgraded by S&P after divesting insurance unit

July 2, 2014
 Bloomberg News and IBJ Staff
CNO Financial Group Inc. was upgraded by Standard & Poor’s after the Carmel-based company completed the sale of a life insurance unit that was no longer issuing policies.
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Pence tells feds that HIP 2.0 has broad support

July 1, 2014
 The Statehouse File
State officials say they will submit a plan Wednesday to expand the Healthy Indiana Plan to more uninsured Hoosiers using federal Medicaid dollars.
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Supreme Court lets other birth-control cases stand

July 1, 2014
Associated Press
The U.S. Supreme Court on Tuesday confirmed that its decision a day earlier extending religious rights to closely held corporations applies broadly to the contraceptive coverage requirement in the new health care law.
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