Health Care & Insurance

FDA OKs new diabetes pill from Lilly, Boehringer

May 2, 2011
 IBJ Staff and Associated Press
The Food and Drug Administration says it has approved a new diabetes pill from Boehringer Ingelheim and Eli Lilly for patients who can't control their blood sugar with older medicines.
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Fee could feed $100M to hospitals

May 2, 2011
J.K. Wall
Indiana hospitals could pull in more than $100 million a year from the federal government under a new assessment fee included in the state’s 2011 budget bill.
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Economist: Expect boom in medical offices

May 2, 2011
J.K. Wall
Demand for medical office buildings is set to grow twice as fast as it was expected to in the next decade, thanks to the Patient Protection and Affordable Care Act.
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St. Vincent settles class-action debt-collection case

May 2, 2011
The hospital paid $31,500 to settle a class-action lawsuit brought by a patient who claimed St. Vincent used a debt collector that was not licensed in Indiana.
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Daniels to sign bill defunding Planned Parenthood

April 29, 2011
Associated Press
Republican Gov. Mitch Daniels said Friday he will sign restrictive abortion legislation and make Indiana the first state to cut off all government funding for Planned Parenthood, a move likely to boost his credentials among social conservatives as he considers whether to run for president.
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Dow AgroSciences reports record revenue

April 28, 2011
 IBJ Staff
Indianapolis-based Dow AgroSciences on Thursday reported sales of $1.6 billion in its first quarter, up 17 percent from the same period last year due to higher volume and increased prices.
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Indiana poised to cut Planned Parenthood funding

April 27, 2011
Associated Press
The Indiana House voted 66-32 Wednesday to approve a bill cutting the $3 million in federal money the state distributes to the organization for family planning and health programs. The Senate approved the measure earlier this month.
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WellPoint profit continues health insurance rally

April 27, 2011
J.K. Wall
Indianapolis-based WellPoint Inc. is the third health insurer in the past week to beat analysts' predictions by a huge margin and raise its full-year forecast.
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Developer plans $13M senior-living center in Westfield

April 27, 2011
 IBJ Staff
Cicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield. The 65,000-square assisted living facility will employ about 150 people when it opens in 2012.
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Life sciences firm Hycor moving HQ, jobs to central Indiana

April 27, 2011
 IBJ Staff
California-based Hycor Biomedical Inc. plans to move its headquarters to central Indiana, creating as many as 20 jobs in the next two years, state economic development officials announced Wednesday morning.
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WellPoint's first-quarter profit soars above expectations

April 27, 2011
J.K. Wall
The Indianapolis-based health insurer earned $2.44 per share and raised its full-year profit forecast by 40 cents per share.
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Zimmer, peer sued over arthritic-knee treatments

April 26, 2011
Bloomberg News
Genzyme Corp., the drugmaker bought by Sanofi-Aventis SA this month, sued Zimmer Holdings Inc. and Anika Therapeutics Inc. alleging the companies’ treatments for arthritic knee pain infringe a patent.
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Lilly teams with Medtronic on Parkinson's treatment

April 26, 2011
J.K. Wall
Eli Lilly and Co. plans to use an implantable drug-delivery system made by Medtronic Inc. to precisely target patients' brains with an experimental drug for Parkinson’s disease.
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Anthem: Global payments coming back

April 25, 2011
J.K. Wall
Anthem Blue Cross and Blue Shield’s vision for accountable care organizations foresees doctors and hospitals shifting to global capitation payments and employers getting bigger discounts if they allow their workers access only to health care providers in a specific organization.
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Roche wins approval of HPV test

April 25, 2011
J.K. Wall
Roche Diagnostics Corp. won regulatory approval for a new HPV test, giving it a technological edge in the $300 million market for automated cervical cancer tests.
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Q&A

April 25, 2011
J.K. Wall
Paul Leamon launched Wellfount Corp. five years ago to help long-term-care facilities automate and electronically manage their pharmacies. Wellfount made the Inc. 500 list last year and now has secured $6 million in venture capital from Arboretum Ventures to help it expand nationally.
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Much unknown about new Cook Group CEO

April 22, 2011
Scott Olson
Carl Cook has been tabbed to replace his father, Bill Cook, who died a week ago. But many in the Bloomington business community know little about him, which reflects the company's strict privacy policy.
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CVS to pay $858K over inflated drug claims

April 21, 2011
Associated Press
Indiana Attorney General Greg Zoeller says the state will get $858,000 from CVS Pharmacy Inc. to settle allegations that the company overcharged Medicaid programs.
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Insurer coveted by Biglari sold to another firm

April 21, 2011
Scott Olson
Steak n Shake's parent company, Biglari Holdings, twice tried to acquire Fremont Michigan Insuracorp Inc. before the insurer agreed to be sold to Michigan-based Auto Club Insurance Association. Biglari, which owns nearly 10 percent of the insurer's shares, nevertheless was a winner in the sale.
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State's top anti-smoking agency could be abolished

April 20, 2011
Scott Olson
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
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State Senate OKs bill to cut Planned Parenthood aid

April 19, 2011
Associated Press
The Indiana Senate approved a bill Tuesday that would cut off funding to Planned Parenthood and give the state some of the country's tightest abortion restrictions.
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Indiana House passes criminal checks on medical workers

April 19, 2011
Associated Press
The Indiana House has approved a bill requiring criminal background checks for anyone seeking a new license to be a doctor, dentist or several other health care jobs.
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Wellfount nabs $6M in venture capital

April 19, 2011
The Indianapolis-based institutional pharmacy, which serves long-term-care facilities, wants to expand its business nationally.
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Indiana Senate backs pulling Planned Parenthood money

April 18, 2011
Associated Press
The Indiana Senate voted Monday to prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
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Lilly shareholders fail to remove anti-takeover measures

April 18, 2011
J.K. Wall
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.
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