Health Care

State medical institute snares $30M grant from feds

October 23, 2013
 IBJ Staff
A consortium of Indiana University, Purdue University and University of Notre Dame can operate for another five years with the grant funds.
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Builders of Obama's health website saw red flags

October 22, 2013
Associated Press
The government spent at least $394 million in contracts to build the federal health care exchange and data hub. The painfully slow and often unresponsive website has frustrated Americans trying to enroll for insurance plans.
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VC headwinds continue for life sciences firms

October 21, 2013
J.K. Wall
Indiana life sciences companies trying to raise venture capital continue to do so with a national wind in their faces, according to the third-quarter venture capital data.
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Coverage gap in state may leave 182,000 uninsured

October 17, 2013
Associated Press
A new report that 182,000 low-income residents could go without health insurance is refocusing attention on whether Indiana will win an exception to expand Medicaid using the Healthy Indiana Plan.
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City officials aim to build on momentum for cyclingRestricted Content

October 12, 2013
Kathleen McLaughlin
Indianapolis has become a more bike-friendly city, and city planners are looking to ensure the progress continues. The Metropolitan Development Commission will vote Oct. 16 on a bicycle master plan that lays out a host of educational and policy initiatives to encourage two-wheeled transportation.
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Investors brace for lean years from LillyRestricted Content

October 12, 2013
J.K. Wall

In a new round of predictions this month, Wall Street analysts indicated they expect Eli Lilly and Co.’s revenue to fall next year and to remain below 2013 levels until 2020.

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Lilly stock shrugs off analyst downgrade

October 11, 2013
Associated Press
The drugmaker has become too reliant on its remaining pipeline of drugs under development for growth as it deals with patent expirations to big sellers and drug-development setbacks, a Jefferies analyst wrote.
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Health exchange rollout gets dismal reviews in poll

October 10, 2013
Associated Press
Overall, just 7 percent of Americans say the rollout of the government's new health exchanges has gone well. Far more deem it a flop.
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Clinic operator Novia to be purchased by Wisconsin firm

October 9, 2013
J.K. Wall
Indianapolis-based Novia CareClinics LLC was a pioneer in operating primary care clinics for employers. In 2012, Novia had 175 employees and more than $15 million in revenue.
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Lawmaker says state suit could end tax break for 400,000

October 9, 2013
 The Statehouse File
A key House Democrat says a lawsuit filed by the attorney general challenging the Affordable Care Act could lead to 400,000 Hoosiers losing out on tax breaks meant to make the insurance more affordable.
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Lilly volunteer service day blooms into citywide effort

October 9, 2013
Dan Human
More than 60 companies plan to participate in the three-day Indy Do Day volunteer marathon, which kicks off Thursday in conjunction with Eli Lilly and Co.'s Global Day of Service.
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State, schools sue U.S. government over Obamacare

October 8, 2013
 The Statehouse File
Fifteen Indiana school districts and the state of Indiana have filed a lawsuit challenging the federal health care law and subsidies that are available to Hoosiers under rules set by the IRS.
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Technology on track to dramatically change health care

October 5, 2013
J.K. Wall
Cost pressures are forcing health care providers to extend the reach of limited resources.
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BURNS: Music therapy hits the high notesRestricted Content

October 5, 2013
Debra Burns / Special to IBJ
It’s a common and natural occurrence: A song comes on the radio and you instantly recall memories—perhaps it makes you smile or remember old friends, or it just takes you back to a moment in your life.
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HEIGHT: New patients could overload the systemRestricted Content

October 5, 2013
Jay Height / Special to IBJ
We all agree that something needs to be done for our challenged health care system. But is the new health care law what we need? Will this help those who are poor receive health care they need?
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MCCARTY: Clear the path to the federal MarketplaceRestricted Content

October 5, 2013
Sally McCarty / Special to IBJ
Battles over the Affordable Care Act have raged since President Obama signed it into law in March 2010—and it’s time they stop.
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THOMAS: Confusion about health care act aboundsRestricted Content

October 5, 2013
Matt Thomas / Special to IBJ
As president of a professional employer organization, I spend an enormous amount of time dealing with the complexities of the Affordable Care Act from the perspective of an employer sponsoring a health insurance plan.
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Health Care & Benefits Power Breakfast TranscriptRestricted Content

October 5, 2013
Read the discussion of experts gathered by Indianapolis Business Journal.
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Hamilton County pursuing domestic-violence shelter

October 5, 2013
Andrea Muirragui Davis
Community leaders are working to open a domestic-violence shelter in fast-growing Hamilton County—a multiyear, multimillion-dollar effort to serve residents in need of emergency housing.
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Gene Glick was a soldier, a builder and a philanthropic giantRestricted Content

October 5, 2013
Norm Heikens, Jeff Newman
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
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Lilly, other drugmakers itching to find new psoriasis treatment

October 4, 2013
Bloomberg News
Psoriasis is linked to higher rates of heart disease and diabetes, and a third of patients also develop a form of arthritis. About 125 million people worldwide have the skin condition, including 7.5 million Americans.
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Lilly to buy back $5B as sales goal harder to reach

October 3, 2013
Bloomberg News, J.K. Wall
Eli Lilly and Co. said Thursday that meeting its sale target will be a challenge. It plans to repurchase $5 billion in shares and introduce new diabetes drugs to help navigate through patent losses. Another immediate hurdle: Obamacare.
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IU Health now says 935 jobs affected by reductions

October 2, 2013
Associated Press
Indiana University Health now says it will cut more than 900 jobs in a reorganization. That's at least 100 more than announced nearly three weeks ago.
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Enrollment opens in Indiana on federal health exchange

October 1, 2013
Associated Press
Opening day for the federal exchange was filled with extensive delays and technical problems. Federal officials attributed the slowdown to the surprisingly high volume of interest in the exchange on its first day of operation.
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Shutdown orders issued as Congress misses deadline

October 1, 2013
Associated Press
For the first time in nearly two decades, the federal government staggered into a partial shutdown Monday at midnight after congressional Republicans demanded changes in the nation's health care law and President Barack Obama and Democrats refused.
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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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