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Top Republicans unveiled a plan that would repeal a new tax on medical devices and take away lawmakers' federal health care subsidies, in addition to funding the government through Jan. 15 and giving Treasury the ability to borrow normally through Feb. 7.
Chalkbeat Indiana will focus on Indianapolis Public Schools, the Indiana General Assembly and the State Board of Education. Editor Scott Elliott took the reins on Monday.
Locally based Ambrose Property Group acquired the 12,100-square-foot center at the northeast corner of 49th and Pennsylvania streets.
U.S. Rep. Todd Rokita suggested Monday that not raising the debt ceiling could become a good tool for curbing federal spending, despite chances the government would default on its loans.
Fishers’ first mayoral race has its third candidate: Town Manager Scott Fadness.
TrustINdiana investment pool director Kelly Mitchell emailed GOP county chairs over the weekend to announce she's running for the office.
Simon Property Group directors improperly refused to let shareholders vote on changes to the company’s executive-compensation plan that resulted in a $120 million stock award to CEO David Simon, investors’ lawyers argued Monday in court.
Home-sale agreements in central Indiana fell for the second time in three months in September amid higher mortgage rates and tighter inventories.
Developer Larry Jones said he’ll spend about $600,000 to renovate the 6,700-square-foot eyesore at 1101 N. College Ave., which has sat empty since the early 1980s.
The agreement funds a $15 million budget shortfall for 2014 and could result in a net gain of 80 police officers by 2015. The City-County Council overwhelmingly approved the budget Monday evening.
Investors on Friday dumped shares of West Lafayette-based Endocyte Inc. after an independent analysis said an experimental lung cancer drug is unlikely to be declared superior to existing chemotherapy. But two analysts say, to the contrary, the analysis shows the prospects for Endocyte’s drug are as good as ever.
Dr. Larissa Day Walz, an internist, has joined Indiana University Health Physicians in Carmel. Walz earned a bachelor’s in biology from Butler University and a medical degree from the Indiana University School of Medicine.
Dr. Aaron Ashabraner, a family physician, has joined IU Health Physicians in Carmel. He previously was part of the St. Vincent Physician Network and before that cared for active-duty military personnel at the Little Rock Air Force Base. He holds a medical from the IU School of Medicine.
Dr. Erica Huddleston, a family physician, has joined Community Health Network in Indianapolis. She earned her medical degree at Wayne State University School of Medicine in Detroit.
Dr. Erik Cox, a pediatrician, has joined Community Physician Network in Anderson. He earned his medical degree at the IU School of Medicine.
The Indiana Family and Social Services Administration appointed Joseph Moser to serve as Indiana Medicaid director, beginning Nov. 18. Moser spent the last five years as director of government affairs and interim executive director for Medicaid Health Plans of America, a national trade association. Moser is a graduate of Marian University in Indianapolis.
Indiana Attorney General Greg Zoeller joined with 15 Indiana school districts in a lawsuit challenging the authority of the Obama administration to grant tax subsidies to Hoosiers buying health insurance in newly established exchanges or to fine employers for failing to provide affordable coverage. But a Democratic lawmaker said the lawsuit could lead to 400,000 Hoosiers losing out on tax breaks meant to make the insurance more affordable. According to TheStatehouseFile.com, Rep. Ed Delaney of Indianapolis said the lawsuit, filed Tuesday, is “dashing the hopes of Hoosiers on purpose.” The suit accuses the Internal Revenue Service of going beyond the Affordable Care Act’s authorizations by extending the tax breaks – which are meant to be subsidies – to residents of all states. The suit said the law authorizes the tax credits only for people living in states that are operating state-based exchanges. Indiana and most other states opted not to create their own exchanges and let the federal government do the job instead. But as revised by the IRS, the health care program opens the subsidies to residents of all states – including Indiana. Those IRS rules make Indiana employers liable for penalties if they fail to provide affordable health coverage to their employees, and one of them receives a tax subsidy to buy coverage on the health insurance exchange. Delaney, who blamed the lawsuit on Gov. Mike Pence, said that for the state’s argument to have merit, it would mean stripping the tax breaks away from all Hoosiers.
Indianapolis-based Novia CareClinics LLC, which was a pioneer in operating primary care clinics for employers, has agreed to be purchased by Wisconsin-based QuadMed LLC, another on-site clinic operator, the companies announced Wednesday. Financial terms of the deal were not disclosed. It is expected to close in the next 30 days. Novia has opened 50 on-site clinics serving more than 90 employers since its founding in 2006. In 2012, the company had more than $15 million in revenue. It now boasts 600 employees. QuadMed, which is a subsidiary of publicly traded Quad/Graphics, a commercial printing firm, operates more than 40 on-site clinics in various states. Its clinics were started to take care of its own 20,000 employees. As part of the transaction, Novia CEO Eric Olson will become an executive at QuadMed, serving under its president, Tim Dickman. In a press release, QuadMed said it also intends to fold Novia’s other employees into its operations.
Indianapolis-based Dow AgroSciences LLC said Tuesday that it has prevailed in a second patent-infringement lawsuit involving one of the company’s key products. The suit, filed in January 2012 by South African-based Bayer CropScience SA, charged that Dow Agro’s Enlist E3 soybean seed infringed one of its patents. In Monday’s ruling, a federal judge sided with Dow Agro in its motion to have the case dismissed after the court said it was unable to find objective evidence supporting Bayer's arguments. Dow Agro won a similar case against Bayer last September involving Enlist’s 2,4-D tolerance technology. That decision was upheld five weeks ago by an appeals court. Dow Agro, a subsidiary of Midland, Mich.-based Dow Chemical Co., predicts Enlist could earn as much as $1 billion over its life cycle. Dow Agro had global sales of $6.4 billion in 2012.
Indianapolis-based drugmaker Eli Lilly and Co. has become too reliant on its remaining pipeline of drugs under development for growth as it deals with patent expirations, Jefferies analyst Jeffrey Holford said in a new research report. "We are also skeptical of many of the remaining pipeline assets," wrote Holford, according to a report by the Associated Press. Holford lowered his rating on the stock to "underperform" from "hold" and dropped his price target on the shares to $40 from $49. Also factoring into Holford’s action are increasing competition and slower sales volume from the U.S. diabetes market, which is a big source of revenue for Lilly, and unfavorable foreign exchange rates and pricing pressure in Europe. At the end of this year, Lilly will lose the U.S. patent protecting its top-selling drug, the antidepressant Cymbalta, which will allow cheaper generic versions to steal its sales. Lilly also lost its U.S. and European patents on its former best-seller, the antipsychotic Zyprexa, in late 2011.
More than half of the $2.5 trillion consumers spend annually on health care in the United States flows to hospitals and doctors, with drug companies and health insurers trailing well behind.
Fall Creek Road was closed from Hague Road to East 65th Street on Monday morning after a 50-year-old water main broke. The break, in the 7600 block of Fall Creek, hampered traffic throughout the northeast side. Citizens Energy Group officials said it would likely take the rest of the day to repair the 12-inch pipe.
A fire destroyed one unit and damaged another at Waterbury Condominiums in Pike Township at about 3:45 a.m. Monday. Residents in the condos, which are north of Interstate 465 and south of 96th Street, escaped unharmed after hearing smoke detectors. Firefighters are trying to determine the cause of the blaze, which might have started in an attic.
A Morgan County man was charged with shooting his 19-year-old son to death Sunday night in Martinsville. David Carrender, 49, was arrested on a preliminary charge of murder in the death of Wyatt Carrender. The shooting took place in the 6600 block of Crooked Creek Drive about 8:30 p.m.
Supplying engines for half the IndyCar field is more than Honda officials bargained for. Losing the Japanese auto maker as a partner would be a huge blow for the open-wheel series.
WXIN-TV Fox59 waved goodbye this weekend to Jeremiah Johnson, who has covered sports at the Indianapolis station for nine years.
Indianapolis-based Herman & Kittle Properties Inc. would save $452,000 in property taxes on the development, slated for 22.5 acres on the southwest side.
