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Employees may rebel against Obamacare

The economics of the Obamacare’s exchanges are proving attractive to both employers and workers, but a new poll shows that workers still don’t want to end up in them.

New Obamacare rule could boost WellPoint

The U.S. Department of Health and Human Services proposed a rule that would automatically re-enroll exchange plan customers each year, which would help companies like WellPoint that sold aggressively on the exchanges in their first year.

Company news

Indiana University Health and Aetna Inc. have extended their contract 60 days to try to work out a new deal. The Indianapolis-based hospital system was set to fall out of the provider network of Connecticut-based Aetna on July 1, but the sides agreed to extend their contract until Sept. 1. Aetna has a modest presence in Indiana, claiming about 6 percent of enrollment in all preferred provider networks, according to a recent report by HealthLeaders-InterStudy. Aetna has a strong presence in the Bloomington area, which IU Health serves via the IU Health Bloomington Hospital. In February, IU Health and Minnesota-based UnitedHealthcare agreed to terms after IU Health fell out of UnitedHealthcare’s network of discounts Jan. 1.

Covidien LP will consolidate its U.S. operations for repairing and upgrading medical-device products at its Plainfield facility, hiring up to 112 more workers by the end of 2015. The firm currently employs about 50 in its technical service center at 2824 Airwest Blvd. It will hire new workers and relocate similar operations from Boulder, Colo. The Indiana Economic Development Corp. has offered the company up to $1.12 million in conditional tax credits based on its job-creation plans. The credits are performance-based, meaning the company cannot claim them until it hires workers. In June, Minneapolis-based Medtronic Inc., the second-largest maker of medical devices, agreed to buy Ireland-based parent Covidien Plc for $42.9 billion in cash and stock.

The Pence administration submitted its HIP 2.0 plan to the Obama administration last week, asking to use an altered version of the Healthy Indiana Plan to expand coverage to as many as 350,000 low-income Hoosiers, according to the Associated Press. The U.S. Department of Health & Human Services must approve the proposal before the state can put it into action. In a letter submitting the waiver request, Gov. Mike Pence said the plan offers a “broader set of consumer-driven health care choices.”

First Financial nabbing new hub, closing 3 branches

Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.

People

Dr. Hilma Green, an internist, has joined the Eskenazi Health Center at 2505 N. Arlington Ave. She earned a bachelor’s degree in applied microbiology at the University of Houston and received her medical degree from the Indiana University School of Medicine in Indianapolis.

Kacey Oiness, a psychologist, has joined St. Vincent Sports Performance, consulting primarily with the Purdue University Athletic Department. She earned a bachelor’s degree from Iowa State University. She earned master’s and doctoral degrees in counseling psychology from Colorado State University in Fort Collins.
 

Program preps students to teach at high-need schools

Forty-five Woodrow Wilson Teaching Fellows received incentives to attend cutting-edge master's degree programs at Ball State, IUPUI, Purdue University, the University of Indianapolis and Valparaiso University.

Web startup Bookit planning expansion

Bookit Commerce Inc., which operates the website bookacoach.com, plans to hire 93 people by 2018, the locally based company announced Monday morning.

UPDATE: Indiana vanity plate fight could go to Legislature

A fuss over a police officer's vanity plate has blown up into a constitutional debate that could lead to the Indiana General Assembly deciding whether to rewrite the law or stop selling personalized license plates altogether.

ITT Educational, rivals wrestle with tougher regulation

The U.S. Education Department has taken its toughest regulatory action ever against a for-profit college: putting Corinthian Colleges Inc., with more than 70,000 students, on the path to going out of business.

Pence, Ritz seek federal dollars without strings

Last Monday, Superintendent Glenda Ritz filed a request to continue using federal "Title I" education money with flexibility. A day later, Gov. Mike Pence asked the Centers for Medicare and Medicaid Services to grant the state an exemption, and about $16.5 billion, to expand Medicaid using a version of the Healthy Indiana Plan.

Construction

-Capitol Construction has completed a 9,400-square-foot office expansion for Nyhart at 8415 Allison Pointe Blvd.

-Capitol Construction has completed a 6,900-square-foot retail build-out for Two Deep Brewery at 714 N. Capitol Ave.

-Capitol Construction has completed a 3,500-square-foot office build-out for Pinnacle IT Solutions at 3535 E. 96th St.

Rates

The average rate for 30-year mortgages was unchanged at 4.28 percent in the week ended July 3, according to Bankrate.com. The rate for 15-year mortgages rose from 3.39 percent to 3.40 percent.

Leases/leasing contracts

-Performance Metals Inc. leased 21,400 square feet of industrial space at 2402 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley.

-Indiana State Teachers Association renewed its lease for 19,083 square feet at 150 W. Market St.  The landlord, National Education Association, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit. The tenant represented itself.

-Drillers Service Inc. leased 13,350 square feet at 3930 Perry Blvd., Whitestown. The tenant was represented by Cam Kucic of Cushman & Wakefield/Summit. The landlord, Crest I LLC, was represented by Grant Lindley of Cassidy Turley.

-Cardinal Publishing Group leased 12,700 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley. The tenant represented itself.

-Big Car leased 3,600 square feet of retail space in Lafayette Place, 3743 Commercial Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-First Construction Consultants leased 3,559 square feet of office space in Auburn Woods Park, 9650 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group. The tenant represented itself.

-Capital Cities LLC leased 2,986 square feet at 47-49 N. Meridian St. The tenant was represented by Matt Waggoner of Cushman & Wakefield/Summit. The landlord, Bruce A. Bodner Co. Inc., was represented by Alex Cantu of Cushman & Wakefield/Summit

-The Tailgate leased 2,400 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Metro PCS lease 1,820 square feet of retail space in East 40, 8524 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Produce Careers leased 1,740 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Development, was represented by Lawrance Morrissey of Corporate Commercial Group.  The tenant represented itself.

-CPR Institute leased 1,600 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Avenue.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Book Trader leased 1,400 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Jim Mosher of Broadbent. The tenant represented itself.

-TAG Salon leased 1,260 square feet of retail space in Meridian Parke Shoppes, 3115 Meridian Parke Lane, Greenwood. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-The Asian Grocery leased 1,200 square feet of retail space in McFarland Marketplace, 8028 S. Emerson Ave.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

-Servi-Call renewed its lease for 1,200 square feet of retail space in 69th & Michigan, 6999 Michigan Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-EX Nails renewed its lease for 1,200 square feet of retail space in College Park, 3269 W. 86th St. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.
 
-Red Door Property Management leased 854 square feet of office space in Auburn Woods Park, 9640 Commerce Drive. The landlord, Sandor Develompent, was represented by Lawrance  Morrissey of Corporate Commercial Group. The tenant represented itself.

Express Scripts cuts payments for customized drugs

The nation's largest pharmacy benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed medicines are ineffective or overpriced.