Health Care & Life Sciences

Many small firms to opt out of health benefits in 2015

January 18, 2014
J.K. Wall
Many employers with fewer than 50 workers kept their health plans for 2014, but a growing number say they’ll drop group coverage at the end of this year.
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Prescription could be required to buy cold medicine

January 17, 2014
Ryanne Wise, The Statehouse File
Over-the-counter medications for common colds and allergies could become more regulated under a Indiana House bill introduced last week.
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Obamacare small-biz plan lags as employers stand pat

January 17, 2014
Bloomberg News
Greeted by higher premiums, less generous coverage and more paperwork, small businesses are choosing to renew existing health plans rather than buy them through President Barack Obama’s program.
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Jilted dental patients get $543K in restitution from state

January 16, 2014
 IBJ Staff
Nearly 300 former patients of Allcare Dental & Dentures have received refunds of upfront payments they made before the national dental chain abruptly closed multiple Indiana locations in 2011.
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WellPoint raises its 2013 profit forecast

January 14, 2014
The new forecast roughly matches what Wall Street analysts were already expecting. WellPoint will reveal its actual 2013 financial results on Jan. 29.
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Older Hoosiers dominate health care sign-ups

January 13, 2014
Associated Press
The ranks of Indiana and U.S. residents who have selected health insurance plans through a federally run online exchange are dominated by the oldest, and costliest, age groups.
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Lilly needs more R&D successes to counter declining ROI on new drugs

January 13, 2014
J.K. Wall
Eli Lilly and Co.’s success at moving an experimental migraine medicine forward by using outside companies and capital is good news for this reason: The fundamental business of Big Pharma drug development is in bad shape.
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Lilly reacquires migraine medicine after encouraging results

January 13, 2014
J.K. Wall
Positive results from a Phase 2 trial in patients convinced Lilly to reacquire an experimental migraine medicine. Lilly recorded a charge of $57 million to reflect the purchase price and the costs of further development.
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IU professors' invention tracks eyes to detect brain injuries

January 11, 2014
Anthony Schoettle
Two Indiana University School of Optometry professors are tackling diagnosis of one of the most difficult medical problems facing sports teams at every level: head injuries.
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Funding drought pinches life sciences firms

January 11, 2014
J.K. Wall
Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
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Group led by WellPoint to partner on global health network

January 9, 2014
Bloomberg News
The Blue Cross and Blue Shield Association will form a combined provider network with London-based Bupa that will collectively include more than 11,500 hospitals in more than 190 countries, the partners said Thursday.
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Committee passes ban on tanning for young teens

January 8, 2014
Ryanne Wise, The Statehouse File
Commercial tanning beds may soon be off limits to Hoosiers younger than 16 under a bill approved Wednesday by the Senate Health and Provider Services Committee.
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Lawmakers confused by cut in state’s tobacco funds

January 8, 2014
Allie Nash, The Statehouse File
A hearing about tobacco funding Wednesday in the House Public Health Committee left many legislators still searching for answers.
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WellPoint seeks more Obamacare biz by extending deadline

January 8, 2014
Bloomberg News
Two of the largest U.S. health insurers are giving Obamacare customers more time to pay their initial premiums as the industry tries to coax millions of people to take the final step in cementing coverage for 2014.
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WellPoint to unload 1-800-Contacts unit

January 7, 2014
Bloomberg News
Financial terms of the sale to Boston-based private equity firm Thomas H. Lee Partners LP weren't disclosed. WellPoint paid a reported $900 million to buy the company in June 2012.
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Lilly forecasts sales, profit drop in face of rival generic drugs

January 7, 2014
Bloomberg News
In a warning shot to investors, the pharmaceutical giant says it expects "2014 to be the most financially challenging year of Lilly’s current period of patent expirations."
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New St. Vincent CEO will inherit financially solid system

January 6, 2014
J.K. Wall
It’s a challenging time to be a hospital CEO, but when Jonathan Nalli takes the helm of St. Vincent Health, he’ll have about as strong a financial hand as anybody to play.
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New owner IU set to unveil plans for shuttered Wishard Hospital campus

January 4, 2014
Scott Olson
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
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State lags city with science, tech jobs

January 4, 2014
Dan Human
Careers in science, technology, engineering and math—typically referred to as STEM fields—have surged in growth compared to other careers in Marion and Hamilton counties. But the rest of Indiana has barely budged from the early 2000s.
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Health overhaul benefits take effect with new year

January 2, 2014
Associated Press
After a troubled rollout, President Barack Obama's health care overhaul now faces its most personal test: How will it work as people seek care under its new mandates?
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Marketing efforts to uninsured youth ramp up

January 2, 2014
Associated Press
The so-called "young invincibles" are so important to the success of the Affordable Care Act that supporters and detractors are spending millions to reach them.
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Justice delays health law's birth control mandate

January 1, 2014
Associated Press
The Supreme Court has thrown a hitch into President Barack Obama's new health care law by blocking a requirement that some religion-affiliated organizations provide health insurance that includes birth control.
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St. Vincent Health names new CEO from Valparaiso

December 31, 2013
Jonathan S. Nalli, 39, has led Porter Health System in Valparaiso since 2007. He will take over the 22-hospital St. Vincent system on Feb. 1.
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Contract between UnitedHealthcare, IU Health to expire

December 31, 2013
J.K. Wall
IU Health has decided to still give patients the same "in network" co-pays and deductibles that UnitedHealthcare had negotiated under the expiring contracts, keeping patients’ costs the same until a new deal is reached.
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Endocyte files to sell up to $60M in new stock

December 30, 2013
J.K. Wall

Endocyte Inc. plans to raise as much as $60 million by offering new shares to the public “from time to time,” to help it develop additional drugs.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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