Health Care Reform

St. Francis-WellPoint deal is a sign of the timesRestricted Content

November 27, 2010
J.K. Wall
St. Francis, which operates three Indianapolis-area hospitals, and WellPoint, the giant health insurer, announced this month that they have agreed to jointly form an accountable care organization.
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Study: Indianapolis high-priced hospital market

November 24, 2010
J.K. Wall
Indianapolis-area hospitals have negotiated reimbursement rates with private health insurers that are two and three times higher than those paid by the federal Medicare program, suggesting the hospitals have the upper hand over insurers, according to a new study.
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Q&A

November 17, 2010
J.K. Wall
Les Zwirn, executive director of Better Healthcare for Indiana, talked about his group’s progress on promoting community collaborations to improve health and reduce the cost of care in cities around Indiana. BHI is hosting its third health care summit of Indiana community leaders today at Second Presbyterian Church in Indianapolis.
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Nurse practitioners get some autonomy

November 10, 2010
J.K. Wall
Could nurse practitioners get a promotion in the medical field? At least one health insurer is treating them like doctors now.
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Indiana health exchange may take page from Utah playbookRestricted Content

November 6, 2010
J.K. Wall
In Utah, employers can give each of their workers a specific amount of money to apply toward health insurance. The worker then can use that money to choose from the 66 plans in the health insurance exchange.
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Q&A: Jim Hamilton

November 3, 2010
J.K. Wall
Jim Hamilton, an employee-benefits lawyer at Bose McKinney & Evans in Indianapolis, discussed the likelihood of a Republican-controlled U.S. House of Representatives changing or even outright repealing the health care reform law, formally known as the Patient Protection and Affordable Care Act.
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New estimate drops health plan's cost to Indiana

October 26, 2010
Associated Press
A new estimate has lowered the expected cost of the federal health care overhaul to Indiana's state government to perhaps $2.6 billion over the next decade.
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WellPoint, other insurers' stock buybacks concern investors

October 12, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.
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Health care reform boosts business for consultantsRestricted Content

October 9, 2010
J.K. Wall
John Gause has grown the size of his benefits brokerage and consulting firm by more than half this year for one big reason: health care reform. He needs more hands on deck because his clients--employers--are facing a raft of new regulations with which they must comply.
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Consultants: Pharma industry facing huge changes

October 6, 2010
J.K. Wall
Heitzman_WatchVideoTo date, most analysts say health reform turned out pretty well for the pharmaceutical industry. But a detailed analysis by Deloitte Consulting says the indirect effects of reform will deliver a gut punch to the industry that will lead to full-scale transformation akin to what the telecommunications world has seen over the past three decades.
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Insurers cautious on accountable care

October 6, 2010
J.K. Wall
Health insurers, including locally based WellPoint Inc. and Advantage Health Solutions, have been looking to work with health care providers to form accountable-care organizations. But they also worry that the accountable-care concept will become nothing more than a negotiating tactic by hospitals and doctors.
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Health reform forces providers, insurers to lay aside rivalriesRestricted Content

October 2, 2010
Scott Olson
In this new age of health care, ushered in by President Obama’s signing in March of a sweeping health care reform law, health care players are encouraged to remove the gloves if they want to reap the benefits of reform.
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Reform will boost health care costs, Indianapolis panel predicts

October 2, 2010
Health care
                           watch videoRising costs aren't the only impact of reform, say panelists taking part in a Power Breakfast sponsored by Indianapolis Business Journal.
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Drugmakers’ ‘doughnut hole’ deal to shave sales

October 1, 2010
Bloomberg News
Drugmakers including Pfizer Inc., AstraZeneca, Bristol-Myers Squibb Co. and Eli Lilly and Co. may provide more than $2 billion in drug discounts to senior citizens next year under a deal pharmaceutical companies made with the White House.
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Rules mostly falling WellPoint's way

September 29, 2010
J.K. Wall
Health insurers won fairly broad leeway under key rules suggested by state insurance commissioners that will govern what kinds of expenses count toward meeting a new federal threshold to spend at least 80 percent of premiums dollars on medical care.
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VoCare raises $2.2 million for telehealth device

September 13, 2010
J.K. Wall
The local startup expects to raise another $1.3 million this year and launch pilots of a new mobile device connecting patients with doctors.
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On-site health care clinics moving beyond traditional settingsRestricted Content

September 11, 2010
J.K. Wall
Health clinics based in employers' offices are showing signs of breaking out of their niche among blue collar and government employers—factories, warehouses and school corporations—and could pop up in Class A office buildings filled with white collar workers.
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Barron's: Brighter days ahead for WellPoint

September 8, 2010
J.K. Wall
It’s been a tough year for major health insurers, but Barron’s magazine predicts a big comeback for Indianapolis-based WellPoint Inc. and its rival UnitedHealth Group.
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After health reform, Lilly looking for more

September 1, 2010
J.K. Wall
The health reform debate may have ended in Congress, but Eli Lilly and Co. remains active, sponsoring a talk about the positives of the bill—and calling for further government efforts to help pharmaceutical research and development.
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Some states suing feds also claim health subsidies

August 31, 2010
Associated Press
An administration official said Tuesday that seven states, including Indiana, suing the federal government are among 16 already approved for subsidies to help with the health care costs of early retirees.
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iSalus sees business boom as docs chase stimulus cash

August 28, 2010
J.K. Wall
The company is seeing a rush of new sales for its Web-based electronic medical record system from doctors, who all stand to receive bonus payments from the federal stimulus act for computerizing their patient records.
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Health costs surge despite weak inflation

August 25, 2010
J.K. Wall
Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey by Indianapolis-based United Benefit Advisors.
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Expanding hospitals target Bloomington

August 18, 2010
J.K. Wall
Monroe Hospital in Bloomington is the latest target in the statewide buildup by hospital systems. St. Vincent Health, St. Francis and at least one other system have all had talks in the past month with Monroe.
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Q&A

August 18, 2010
J.K. Wall
Dr. Kevin Macadaeg, vice president of the Indiana Spine Group, talked about his physician group's decision to build a 60,000-square-foot medical office and "bioskills" lab in Carmel next year, as well as the group's commitment to grow independently in the face of pressures from hospital acquisitions and health reform.
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WellPoint, other health insurers race to join accountable care groupsRestricted Content

August 14, 2010
J.K. Wall
The health care industry is responding to reforms that will pay doctors bonuses if they provide high-quality care and save Medicare money.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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