Health Care & Insurance

Community Health Network Foundation names new CEO

March 15, 2010
 IBJ Staff
Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.
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Chances of health reform passage soar

March 10, 2010
J.K. Wall
By pounding health insurers such as WellPoint Inc., President Obama has greatly boosted his chances of success in the eyes of Wall Street. But to make his health reform bill reality, he might need to answer the less-than-reassuring news coming from Massachusetts.
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Doctors fighting insurers with data

March 10, 2010
J.K. Wall
The Indianapolis Medical Society hopes an online database that compares one doctor's reimbursement rates against market averages helps its members negotiate with health plans.
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Health care software firm raises $1.15 million

March 9, 2010
J.K. Wall
Indianapolis-based PolicyStat LLC raised $1.15 million in angel capital from 31 individuals and Halo Capital Group.
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Indiana closer to eliminating anti-smoking agency

March 9, 2010
 IBJ Staff and Associated Press
The plan approved by the Republican-controlled Senate would transfer the duties of the Tobacco Use Prevention and Cessation board to the State Department of Health.
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WellPoint may be anti-competitive, Connecticut AG says

March 8, 2010
 IBJ Staff and Bloomberg News
WellPoint Inc.'s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
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Eli Lilly to buy European rights to Pfizer animal products

March 8, 2010
Scott Olson
The acquisition will benefit Elanco, Lilly's animal health division in Greenfield, which has become increasingly important to Lilly as it braces for patent-protection losses.
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Sebelius asks insurers to justify rate hikes

March 4, 2010
Associated Press
Health and Human Services Secretary Kathleen Sebelius met at the White House with the CEOs of Indianapolis-based WellPoint, Aetna, Cigna, UnitedHealth Group, as well as several state insurance commissioners.
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Dow Agro plans $340M expansion, 577 new jobs

March 4, 2010
Peter Schnitzler
The investment will greatly expand the company's research and development capacity and is a major win for the Indiana life sciences industry. Dow AgroSciences expects most of the positions to pay between $65,000 and $95,000 annually.
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Ex-Lilly medical director named state health commissioner

March 3, 2010
 IBJ Staff and Associated Press
Dr. Gregory N. Larkin, the former global medical director at Eli Lilly and Co., will replace Dr. Judy Monroe, who is leaving to become deputy director of the Centers for Disease Control and Prevention.
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Cornelius to retire as Bristol-Myers Squibb CEO

March 3, 2010
 IBJ Staff and Associated Press
The former Guidant Corp. CEO and long-time Eli Lilly exec said he and his family will be returning to Indianapolis.
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Dow Agro plans 'major' expansion announcement

March 3, 2010
Peter Schnitzler
Local Dow Chemical subsidiary expects to launch five new biotech products by 2012.
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IU cancer center names new director

March 2, 2010
 IBJ Staff
Dr. Patrick J. Loehrer Sr. replaces Dr. Stephen D. Williams, the center's founding director, who died of cancer in February 2009.
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Consumer group sues Anthem over policy changes

March 1, 2010
Associated Press
A consumer watchdog group filed a lawsuit Monday against WellPoint's California subsidiary on behalf of policyholders, claiming they were pushed to take coverage with fewer benefits and higher deductibles.
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State health commissioner leaving for CDC

March 1, 2010
J.K. Wall
Dr. Judy Monroe, after five years as Indiana's public health leader, will spearhead communication between federal and state health agencies.
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Conseco shares fall after dip in fourth-quarter profits

February 26, 2010
J.K. Wall
Carmel-based insurer swings to a profit, but earnings from operations decline.
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WellPoint records subpoened in California probe

February 26, 2010
Bloomberg News
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint, believing that their rate-setting and claims practices might be illegal.
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Study: Hospital clout spurs higher Calif. health costs

February 26, 2010
Bloomberg News
While insurers get the blame for rising health-care costs for consumers, surging fees from hospitals and the growing dominance of such providers may be just as responsible for driving up expenses, according to a new study examining California's market.
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Conseco's quarterly profit trimmed by legal costs

February 25, 2010
J.K. Wall
Carmel-based insurer Conseco Inc. has been profitable for four straight quarters.
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WellPoint CEO blames health costs for hikes

February 24, 2010
Associated Press
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big insurance-premium increases are the result of growing price tags for hospital care and pharmaceuticals.
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WellPoint testimony drops green flag on health reform restart

February 24, 2010
J.K. Wall
CEO Angela Braly is defending individual premium hikes one day before Obama's summit to debate his new reform proposal with Republicans.
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House approves smoking ban in public places

February 23, 2010
Associated Press
The House has approved legislation that would ban smoking in public places statewide except casinos and pari-mutuel horse racing venues.
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Medco profit rises as mail-order generics business grows

February 23, 2010
 IBJ Staff and Bloomberg News
The pharmacy benefits manager, which has major operations in Whitestown, said fourth quarter profit rose 24 percent.
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Lilly, Merck, Pfizer starting research center

February 23, 2010
Associated Press
Three major U.S. drugmakers said they have formed a not-for-profit company in Asia to focus on cancer research and treatments.
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WellPoint gets tax delay in Obama health plan

February 22, 2010
Bloomberg News
Insurers WellPoint Inc. and others would get a delay in taxes on premiums and high-cost medical benefits, along with additional funding for expanding Medicaid, under a White House proposal
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