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With premiums for health insurance likely to head north next year as President Obama’s health care reform law fully takes effect, both individuals and employers will pay for more health care out of their own funds and buy less insurance.
Indianapolis police arrested James Long, 25, and Jason Mobley, 38, Sunday for allegedly setting a vacant church on fire. The fire started about 3:30 a.m. Sunday in the 2000 block of Southeastern Avenue and caused an estimated $40,000 in damage. Neighbors told police they saw the two men arguing outside the building before they set it on fire.
A fuel spill from a Shell gas station closed the intersection at West 30th and North Illinois streets for about six hours Sunday afternoon and evening. An employee experienced problems while changing filters in a gasoline pump and as many as 500 gallons of fuel poured from the pump before it could be stopped. The Marion County Public Health Department and the Department of Public Works were called in to make sure fuel didn’t enter the sewer system.
Two children died and at least four other people were injured in a Cumberland fire Monday morning. The blaze at Raintree Commons Condominiums, 2010 E. Welland St., near East Washington Street and German Church Road, was reported about 9:20 a.m. Fire officials say the injured include a woman in critical condition, and two men and a child in stable condition.
The Indiana University School of Medicine chose Dr. Jay Hess as its next dean, pending approval by the IU trustees at their meeting next month. Hess, 53, is chairman of the pathology department and professor of internal medicine at the University of Michigan Medical School. Hess would succeed Dr. Craig Brater, who is retiring June 30 after 13 years as dean and 27 years at IU.
Dr. Azita Chehresa, a family physician, has joined American Village as an attending physician. American Village is one of roughly 60 long-term care facilities operated by Indianapolis-based American Senior Communities.
Roche Diagnostics Corp. is mulling a sale of its blood-glucose meter business, according to a Reuters report, a move that would cast uncertainty over the nearly 1,000 people working for its diabetes business in Indianapolis. Reuters reported the potential sale May 15, citing three people familiar with the matter. A Roche spokesman declined to comment to IBJ. The entire blood-glucose meter industry faces a huge hit to sales July 1, when the federal Medicare program will start a competitive bidding program for blood-glucose testing strips and supplies. Bidding could cut Roche's payments as much as 72 percent. The Medicare cuts will directly affect a Roche test-strip plant in Indianapolis, which employs more than 150 workers and churns out more than 2 billion strips per year. Roche Diagnostics’ North American blood-glucose monitor sales declined 6 percent last year, to $598 million, according to Close Concerns Inc., a market research firm based in San Francisco. Close Concerns predicts Roche's blood-glucose sales in North America will swoon this year by 23 percent, to $463 million. Reuters' sources said there are only a few possible buyers of Roche’s blood-glucose meter business, including Minnesota-based Medtronic Inc. and New Jersey-based Johnson & Johnson.
While its diabetes business struggles, Roche Diagnostics’ laboratory testing business is riding high on the trend of personalized medicine. On May 14, the U.S. Food and Drug Administration approved a new Roche test to detect a gene mutation found in about 10 percent of non-small cell lung cancers. That’s important because Switzerland-based Roche’s pharmaceutical business has a drug, Tarceva, that the FDA said could be used in patients with the mutation whose cancer is spreading. The new test is the first approved to detect the epidermal growth factor receptor, or EGFR, gene, according to a Reuters report.
Construction has stopped on a generic insulin facility being built with a $6 million loan from the city of Greenwood. Greenwood attorney Krista Taggart said the city could foreclose on the Elona Biotechnologies facility within the next few weeks unless new investors take over the company. Greenwood officials three years ago approved $8.4 million of incentives for the project, including the construction loan. Elona said then it expected to employ some 70 workers and spend more than $25 million on a planned expansion. Elona told Greenwood officials of financial troubles in late January. In February, the company said it had reached a deal under which the company would be acquired by private investors.
Few observers believed WellPoint Inc.’s explanation that three of its directors all resigned within one week of each other for entirely “personal reasons.” But investors didn’t care. They bid up the Indianapolis-based health insurer’s stock price more than 2 percent last week after WellPoint disclosed the departures of Dr. Lenox Baker, Sheila Burke and Susan Bayh. Two outside observers cast the departures as a positive that allows new CEO Joseph Swedish, a veteran hospital executive, to put his stamp on the company. Institutional investors had criticized the board for a variety of matters, including its 2007 hiring of Angela Braly as CEO. After a series of missteps under Braly’s leadership, the board ousted her in August. “This is normal and it’s probably good for the company to clean out a few of the board members, especially given how long it took the board to come to the decision that it was time to remove the prior CEO,” Erik Gordon, a business professor at the University of Michigan in Ann Arbor, told Bloomberg. “A new CEO always wants the full support of the board.” The company announced the departures just six weeks after Swedish’s hiring and two days before its annual meeting.
Paul C. Bateman Jr. had pleaded guilty in January to his part in defrauding an Indianapolis physician of $1.7 million.
The study results, which will be released Monday afternoon, are part of Indianapolis-based Lilly’s campaign to get Medicare to pay for use of its brain imaging agent Amyvid.
Subaru of America plans to invest $18 million to build and equip a regional distribution center in Lebanon, potentially tripling the scope of its Boone County operations.
Since January, the state attorney general's office said it has received more than 5,000 complaints about telemarketing calls from live operators or prerecorded messages.
The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.
Greenwood officials three years ago approved $8.4 million of incentives for the Elona Biotechnologies project, including the construction loan.
A central Indiana official says the tough conditions opponents of a planned wind farm are seeking for the project would leave little room for the proposed power-generating wind turbines.
The school is nearly three-fourths of the way to reaching its goal of $40 million in savings or new revenue.
Teamsters President James Hoffa wants to rein in leaders of the pilots union at Indianapolis-based Republic Airways Holdings Inc.
Indiana counties could be forced to pay some of the costs of a change in the state’s criminal code that is designed to keep low-level offenders out of prison while ensuring the worst serve more of their sentences.
A local union charged with violating Indiana’s right-to-work law is hoping to settle with six workers who say their dues were improperly collected.
Christie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during the recession and economic recovery.
State officials have withdrawn incentives for a fertilizer plant over concerns about whether its Pakistan-based owners are doing enough at their overseas operations to keep the potentially explosive material from being used against U.S. troops.
Center Grove High School’s marching band will spend Thanksgiving next year marching in New York City as part of the annual Macy’s Thanksgiving Day Parade. Only about a dozen bands were selected for the 2014 parade out of roughly 175 from around the world that applied.
