Insurance Products

Court nixes Obamacare subsidies for Indiana, 35 other states

July 22, 2014
 Bloomberg News and IBJ Staff
The Obamacare tax credits that brought nearly $400 million to Indiana this year to help Hoosiers buy health insurance could go away after a federal appeals court ruled Tuesday they were illegal.
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Mailer quoting Giuliani targets Indy water-line woes

May 29, 2014
Dan Human
Indianapolis homeowners have received a scare-sell insurance pitch about their water-service lines that appears to carry the endorsement of former New York City Mayor Rudy Giuliani.
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Pence’s HIP 2.0 plan gets kudos at first public hearing

May 28, 2014
Seth Morin, The Statehouse File
Health care professionals and advocates for the poor voiced praise and support Wednesday for a plan by Gov. Mike Pence to expand the state’s Healthy Indiana Plan to provide more insurance coverage to Hoosiers.
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Cost-control plan for health care could cost more patients

May 16, 2014
Associated Press
The Obama administration has given the go-ahead for a new cost-control strategy called "reference pricing." It lets insurers and employers put a dollar limit on what health plans pay for some expensive procedures.
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CNO takes big earnings hit to dispose of old business

April 28, 2014
 IBJ Staff
Excluding the cost of finally shedding a block of business from predecessor Conseco Inc., CNO's operations were on the upswing in the first quarter.
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Late sign-ups boost numbers, improve Obamacare outlook

April 18, 2014
Associated Press
Still to be announced is what share of those 8 million enrollees were previously uninsured, and how many actually secured coverage by paying their first month's premiums.
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Employee defection sparks battle between brokerages

April 17, 2014
Chris O'Malley
Hylant Group says a former worker in its Carmel offices broke a non-compete agreement and poached clients for his new insurance-brokerage gig in Indianapolis.
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Anthem, Franciscan sign accountable care contract

March 15, 2014
J.K. Wall
Anthem Blue Cross and Blue Shield has signed a new kind of contract with the Franciscan Alliance hospital system that allows Franciscan to make more money only if it saves money for Anthem.
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Consumers shun cheapest Obamacare exchange plans

February 20, 2014
Bloomberg News
Most Americans are avoiding the lowest-priced health plans on the Obamacare insurance exchanges, taking advantage of government subsidies to seek more protection against high treatment costs.
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Lawmakers consider state-assisted retirement plan

January 8, 2014
Amanda Creech, The Statehouse File
Senate Bill 66 creates a state-assisted savings plan for retirement. The bill is opposed by the Association of Indiana Life Insurance Companies.
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Feds extend Obamacare deadline as customers rush site

December 23, 2013
Bloomberg News
The deadline to enroll in plans that begin Jan. 1 now is midnight Tuesday for most of the U.S. On Monday, healthcare.gov fielded nearly 50,000 simultaneous visitors, triggering a queuing system.
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Insurance bargain-hunters might miss out on subsidiesRestricted Content

December 7, 2013
J.K. Wall
Hoosiers who sign up for “zero premium” health insurance in the new Obamacare exchanges might end up leaving thousands of dollars on the table. An estimated 250,000 uninsured Hoosiers could qualify for health insurance in the Obamacare exchanges that would cost them nothing—at least upfront.
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Survey: One-third of Hoosier workers in high-deductible plans

November 25, 2013
J.K. Wall
An annual survey by the benefits consulting firm Mercer found that, among 75 Hoosier employers, 34 percent of workers are already enrolled in consumer-directed health plans. And that number is only going to go up due to new Obamacare rules.
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Indiana says insurers can't reinstate canceled policies

November 20, 2013
J.K. Wall
The state insurance department said Wednesday morning that to do so would "create logistical chaos" and "destabilize" Indiana's individual health insurance market.
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‘Zero-premium’ insurance could leave hospitals hurtingRestricted Content

November 2, 2013
J.K. Wall
So-called “zero-premium plans” are priced in such a way that their premiums would be no greater than the federal tax subsidies that low-income buyers could claim.
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Healthx using IT to connect insurers to their customersRestricted Content

August 17, 2013
J.K. Wall

Health insurance has long been a business-to-business endeavor between insurers, employers, hospitals and doctors. Patients received benefits, but they weren’t really customers. That’s all about to change.

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Baldwin & Lyons posts 21-percent boost in profit

August 1, 2013
 IBJ Staff
The insurer of trucking and auto fleets reported healthy jumps in profit and revenue in the second quarter, spurred by record premiums written by subsidiaries.
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WellPoint rolls out program with cost ceilings for procedures

July 15, 2013
J.K. Wall
Under so-called reference-based benefits, insured patients would have to pay the difference between procedure prices and maximums set by their employers. Several Indiana companies are considering using the tactic.
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Hedge fund guru Paulson cashes in on CNO wager

June 26, 2013
Bloomberg News
John Paulson, who made $15 billion betting against real estate and then saw his fortune shrink as gold slumped, has more than doubled his hedge fund's money on Carmel-based CNO Financial Group Inc.
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Investment gains mask slowdown for insurer

May 2, 2013
J.K. Wall
The bull market boosted first-quarter profit at Baldwin & Lyons Inc. to a record high, even though the property and casualty insurer’s core business lost ground.
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Obamacare exchanges could zap WellPoint profits

April 29, 2013
J.K. Wall
According to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
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WellPoint CEO: Acquisitions of hospitals, doctors unlikely

April 24, 2013
J.K. Wall
Joe Swedish, who took the helm of the Indianapolis-based health insurer a month ago, threw cold-water Wednesday on widespread speculation that he will lead the company through a wave of buying hospitals and medical practices.
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Anthem tries new 'narrow network' strategyRestricted Content

February 16, 2013
J.K. Wall
Anthem Blue Cross and Blue Shield has selected Community Health Network to be the “exclusive provider” for a new kind of health insurance plan—a sharp departure from Anthem’s typical strategy of offering the broadest network of hospitals and doctors.
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Anthem rolling out 401(k)-style medical benefitsRestricted Content

December 1, 2012
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana will open a new online exchange to Indiana employers on Jan. 1, where workers could purchase medical benefits from a group of plans using a fixed sum of money given them by their employers.
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Deal provides peek at Anthem's narrow networks

November 5, 2012
J.K. Wall
A new agreement in Wisconsin provides a glimpse of the kind of “narrow network” arrangements that Indianapolis-based Anthem Blue Cross and Blue Shield might attempt in Indiana.
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  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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