Health Care & Insurance

Pence rules out Medicaid expansion in current form

February 6, 2013
Associated Press
Gov. Mike Pence said Wednesday that he has ruled out expanding Medicaid under the federal health care law unless Indiana gets approval to use state health savings accounts for the expansion.
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Lilly aims to submit five new drugs for approval

February 4, 2013
J.K. Wall
With Eli Lilly and Co. set to see patents expire on its best-selling drug at year’s end, it is in the company’s interest to say its pipeline is about to produce new drugs. But the Indianapolis drugmaker may be in a position to submit five new drugs for regulatory approval this year.
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Community taps Walgreens for health reform help

February 4, 2013
J.K. Wall
In the era of health care reform, hospitals will face two new challenges: They will need to run higher-volume, lower-margin businesses, and they’ll be on the hook financially for what patients do even when they’re not receiving health care. Community Health Network’s new partnership with Walgreens’ Take Care Clinics is designed to help address both issues.
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Health care startups hungry for fundsRestricted Content

February 2, 2013
J.K. Wall
Frustrated by up-and-down state funding for startup life sciences companies, industry leaders are talking up a plan to create a dedicated funding stream that could total $30 million a year.
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Law firm adds pharmacy practiceRestricted Content

February 2, 2013
Hall Render Killian Heath & Lyman will draw on existing expertise within the firm to create the 10-member group.
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Baldwin & Lyons reports lower quarterly, annual profit

January 31, 2013
The Indianapolis-based transportation industry insurer attributed the lower earnings to smaller investment gains. Excluding investments, quarterly profit increased due to fewer storm losses.
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Cold medicines could face tighter limits in Indiana

January 29, 2013
Associated Press
An Indiana Senate committee has backed tougher limits on quantities consumers may buy of cold medications that can be used to make methamphetamine.
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Lilly's profit drops 4 percent, but beats analysts' estimates

January 29, 2013
J.K. Wall
Price increases and sales gains helped Eli Lilly and Co. offset declining revenue from its former blockbuster Zyprexa in the fourth quarter, allowing the company to beat analysts' expectations and raise its 2013 profit forecast.
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Life sciences consultancy plans to expand, add 38 jobs

January 29, 2013
Indianapolis-based Pearl Pathways, founded by two former Eli Lilly employees, plans to move into new space in March and add the jobs by 2016.
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Indiana lawmakers advance music therapist bill

January 28, 2013
Associated Press
A bill that would certify Indiana therapists who specialize in using music to treat people with autism, Alzheimer's and other conditions is advancing in the General Assembly.
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Marian med school oversubscribed

January 28, 2013
J.K. Wall
Marian University’s College of Osteopathic Medicine—only the second medical school in Indiana—will enroll 162 students this fall, about 8 percent more than it planned.
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Zimmer highly exposed to health-reform risk

January 28, 2013
J.K. Wall
Shares of Zimmer Holdings Inc. have generated impressive returns of 23 percent in the past year and some 2013 product launches could juice those results even further. But the Warsaw-based maker of orthopedic implants is also the most-exposed company in its industry to two key elements of health care reform: the medical device tax and bundled payments.
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Once-thriving drug lab in turnaround modeRestricted Content

January 26, 2013
J.K. Wall
Two years ago, executives at AIT Laboratories “took their eye off the ball,” and watched the company’s business plummet 29 percent in value. Now, after two years of turmoil, the drug-testing lab says it’s poised to return to the double-digit rates of growth that made it a local star.
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WellPoint beats analysts' estimates with 4th-quarter profit surge

January 23, 2013
Associated Press, J.K. Wall
The Indianapolis-based health insurer earned $464 million, or $1.51 per share, in the fourth quarter, a 38-percent leap from a year ago, and topped analysts' forecasts by 8 cents per share.
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Greenwood seeks funds back from drugmaker with big plans

January 22, 2013
J.K. Wall
Greenwood-based Elona Biotechnologies Inc., which has been trying to bring a generic version of insulin to market, was declared in default on $8.4 million in incentives from the city of Greenwood.
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Pence wants $1.5M a year for life sciences institute

January 21, 2013
J.K. Wall
The Indiana Applied Research Enterprise already has received support from John Lechleiter, CEO of Indianapolis-based Eli Lilly and Co., as a place for collaboration between academic and industrial scientists.
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Q&A

January 21, 2013
J.K. Wall
Dave Reed is president of the Healthcare Business Solutions group inside Bloomington-based Cook Medical Inc. Since 2007, his team of 18 full-time people—aided by about 60 others throughout Cook’s organization—has worked with hospital systems, distributors of medical products and group purchasing organizations to improve the efficiency of the business side of health care and to make sure new products contribute to that efficiency, as well as solving unmet medical needs.
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Shepherd Insurance agency goes on buying spree

January 21, 2013
J.K. Wall
The Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add 17 people to its staff.
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New tool could drive down employers' health care costsRestricted Content

January 19, 2013
J.K. Wall
Ten of Indiana’s largest employers—including the state of Indiana; Cummins Inc.; CNO Financial Group Inc.; Indiana, Purdue and Butler universities; and Indiana University Health—think they have hit upon a solution.
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Health insurance changes daunting for Indiana employersRestricted Content

January 19, 2013
Scott Olson
A portion of the Patient Protection and Affordable Care Act requiring companies in 2014 to begin offering health insurance to more workers is causing a lot of anxiety.
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SHORT: Obsolete laws, regulations stifle advance of 'telehealth'Restricted Content

January 19, 2013
Jeffrey W. Short / Special to IBJ
You might remember seeing Elroy Jetson sitting in front of a television in the Jetson home, with Astro, his trusty dog, and Jane, his mother, at his side, while the doctor appeared on the screen providing medical care to Elroy. This scene is no longer so futuristic.
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Eli Lilly and Co.'s rebound bolsters endowmentRestricted Content

January 19, 2013
Dan Human
The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.
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Lilly drug chosen for Alzheimer's prevention study

January 18, 2013
Associated Press
Researchers have chosen an experimental drug by Eli Lilly and Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.
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Roche makes Fortune’s ‘Best Companies’ list

January 18, 2013
Roche Diagnostics Corp. in Indianapolis ranks 89th on the magazine's latest "Best Companies to Work For" list and was the only Indiana-based company selected.
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Insurers may prove choosy with overhaul exchanges

January 17, 2013
Associated Press
The leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company in part of health care overhaul's coverage expansion that unfolds later this year.
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