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Health Insurance
Franciscan among Medicare's first accountable care groups
December 19, 2011
J.K. WallFranciscan Alliance’s Indianapolis-area hospitals, along with more than 700 physicians, have been named one of the nation’s
first 32 accountable care organizations.
MoreHoosiers like parts of health reform law
December 19, 2011
J.K. WallAs it is in the rest of the country, the 2010 health reform in Indiana continues to be unpopular, unlikely to be repealed
and uncertain to put a dent in health spending, according to a poll of Hoosiers released last week by Ball State University.
MoreMedical Mutual eyes Indiana for growth
December 12, 2011
J.K. WallHealth insurer expects enrollment in its health plan to grow 30 percent next year, to nearly 21,000. And then it expects growth
of another 40 percent.
MoreBrokers' hopes dashed by feds
December 5, 2011
J.K. WallThe Obama administration on Friday let stand an earlier rule that said brokers’ fees will have to count toward a 15-percent
to 20-percent cap on administrative expenses placed on insurance plans by the 2010 health overhaul.
MoreFeds reject Indiana request for health care exemption
November 28, 2011
Associated PressThe U.S. Department of Health and Human Services on Monday rejected Indiana's bid for an exemption from federal health
care overhaul rules that require insurers selling policies to individuals to essentially dedicate 80 percent of the premiums
they collect to medical care.
MoreBrokers get hope on commissions
November 28, 2011
J.K. WallThe National Association of Insurance Commissioners passed a resolution Nov. 22 that urges Congress and the Obama administration
to exclude benefits brokers’ commissions from the new requirement that insurers spend only 15 percent to 20 percent
of the premiums they collect on administration and profits.
MoreFew employers say they'll drop health coverage
November 21, 2011
J.K. WallFew employers in Indiana say they’re likely to drop health benefits after state insurance exchanges are formed in 2014,
according to a new survey by the health benefits firm Mercer.
MoreNew York orders WellPoint to make refunds for overcharges
November 10, 2011
Bloomberg NewsWellPoint is among 11 insurers ordered to refund money to almost 600,000 New Yorkers who were charged too much for health
insurance.
MoreKaiser: Lack of competition endemic
October 31, 2011
J.K. WallIn a new study, Indiana ranked as the 19th least-competitive state for individual health insurance and the 27th least-competitive
for small-employer health insurance.
MoreInsurer Humana's quarterly profit climbs 13 percent
October 31, 2011
Associated PressHumana Inc. raised its 2011 earnings forecast, following the lead set by other big insurers, including competitor WellPoint
Inc.
MoreInsurance mandate lacks teeth, WellPoint CFO says
October 24, 2011
J.K. WallAs constitutional challenges to the health reform law’s mandate to buy insurance advance, WellPoint Inc.’s chief
financial officer reiterated that the company does not object to the mandate, just to its lack of penalties.
MoreDeficit committee could bite CNO
October 17, 2011
J.K. WallMedicare supplement policies are reportedly one of the targets of Congress’ special deficit-reduction committee—and
that’s not good news for Carmel-based CNO Financial Group Inc.
MoreJudge slaps IU Health over billing
October 17, 2011
J.K. WallThe Indiana Court of Appeals reversed a Marion Superior Court decision to dismiss a lawsuit by two uninsured patients who
received care at IU Health North Hospital in Carmel.
MorePrivate exchange could boost WellPoint profits
October 3, 2011
J.K. WallWellPoint Inc.'s participation in buying a majority stake of the private health insurance exchange operator Bloom Health could
help it get back to its roots as a health insurer—and make a bit more money in the process.
MoreIU embraces medical homes to cut costs
October 3, 2011
J.K. WallIndiana University announced a partnership with the Indianapolis-based IU Health hospital system that will launch four primary
care clinics in Bloomington, which can be visited for no extra charge by those enrolled in IU’s health plans.
MorePANEL: Reforms to rapidly reshape health care
October 1, 2011
Reform-induced changes dominate health care panel of health care experts convened by Indianapolis Business Journal.
MoreWill ACOs really get off the ground?
September 19, 2011
J.K. WallThe hype over accountable care organizations—something every major hospital in Indianapolis is moving to become—is
increasingly being laced with skepticism as the economics behind the idea get more scrutiny.
MoreStudy spoils common wisdom on health spending
September 12, 2011
J.K. WallThe Thomson Reuters study that showed Anderson as the highest-spending health care market in the nation also concluded that
treatment and spending vary widely from one locale to another with no clear reason based on demographics or health outcomes.
MoreAnderson's GM culture, poor health blamed for high medical costs
September 10, 2011
J.K. WallResidents of the Anderson area—when they paid with health insurance provided by an employer—spent 76 percent more
on health care in 2009 than the average American with employer health insurance, highest among all metropolitan areas in the
nation.
MoreFive individual insurers leaving Indiana
August 8, 2011
J.K. WallHartford-based Aetna Inc. and Philadelphia-based Cigna Corp., the nation’s third- and fifth-largest health insurers
respectively, have announced their departure from Indiana’s individual health insurance market.
MoreWellPoint fails to profit on consumer pullback
August 1, 2011
J.K. WallWith recession-weary Americans going to the doctor less, health insurer WellPoint Inc. should be enjoying higher profits.
But it isn’t working out that way.
MoreConsumers grow allergic to health care costs
August 1, 2011
J.K. WallDeloitte found that 20 percent of consumers have cut back on health care spending and 75 percent say the economic slowdown
has had some impact on their willingness to spend on health care.
MoreWellPoint profit falls but exceeds Wall Street expectations
July 27, 2011
J.K. WallIndianapolis-based WellPoint earned $702 million in the latest quarter after earning $722 million a year ago. It also raised
its full-year profit forecast.
MoreWellPoint insures two-thirds of Hoosier workers
July 25, 2011
J.K. WallIndianapolis-based WellPoint claimed 63 percent of all employees covered by small-group employers and 66 percent of the workers
at large-group employers, according to Seattle-based actuarial firm Milliman Inc.
MoreNot-for-profits vying with WellPoint may get $3.8B in loans
July 18, 2011
Bloomberg NewsNot-for-profits that compete with insurers such as WellPoint Inc. are eligible for $3.8 billion in U.S. financing under the
health law, and the government expects more than a third of the loans not to be repaid.
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Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.