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Gov. Mike Pence’s strategy for expanding Medicaid in Indiana is to convince or cajole the Obama administration to let him use the Healthy Indiana Plan to do it. A recent deal in Arkansas seems to make it more likely that the Obama team will give Pence what he wants.
Eli Lilly and Co. granted larger bonuses to its top five executives early this year, which boosted the value of their compensation packages 3 percent to 8 percent. John Lechleiter, CEO of the Indianapolis-based drugmaker, saw his overall compensation reduced 10.7 percent because the calculated value of his pension fell. But excluding that on-paper reduction, the actual compensation Lechleiter received for 2012 rose 3.6 percent to $10.2 million. His salary and stock award were unchanged from 2011, but his bonus rose 13.6 percent to nearly $3 million. Chief Financial Officer Derica Rice received a modest increase in salary and a larger bonus. His overall compensation, excluding the pension adjustment, rose 3.3 percent to $5.2 million. Jan Lundberg, the president of Lilly Research Laboratories, enjoyed increases in his salary, stock award and bonus, which boosted his overall pay 8.3 percent to $4.5 million, excluding any pension adjustment.
Hospital officials praised Indiana's medical savings accounts but some consumer advocates panned them March 20 during a public hearing on Gov. Mike Pence’s plan to use the Healthy Indiana Plan to expand Medicaid in Indiana, according to the Associate Press. The Indiana Hospital Association and officials from hospitals around the state said the Healthy Indiana Plan would reduce the amount of indigent care they must provide to uninsured patients. But critics noted HIP isn't available to everyone, and even when it is, it can prove too costly for some low-income Indiana residents needing medical care. "I do not believe it will do what we need to do to cover people," said Rep. Sue Errington, D-Muncie. Pence has proposed using HIP to complete a Medicaid expansion for Indiana residents earning up to 138 percent of the federal poverty level. That's a sliding scale that includes $15,856 for a single individual or $32,499 for a household of four. If the Centers for Medicaid and Medicare Services approves Pence's proposal, it could provide coverage for as many as 400,000 low-income residents. If CMS rejects it, it could end coverage for about 40,000 residents already enrolled in HIP. A decision must to be made by June, six months before the state's current waiver expires. Also, Pence has said he might not sign off on the expansion using HIP even if CMS approves it.
Boehringer Ingelheim GmbH and Eli Lilly and Co. filed for FDA approval of a new anti-diabetes medicine, the two companies announced Monday. The drug, empagliflozin, is known as an SGLT2 inhibitor and fights Type 2 diabetes by removing excess glucose through a patient’s urine by blocking the re-absorption of glucose in the kidney. Several large pharmaceutical companies are trying to bring an SLGT2 inhibitor drug to market. In January, New Jersey-based Johnson & Johnson, won the backing of an FDA advisory panel for its drug, called canagliflozin. Other companies in the SGLT2 race are New York-based Bristol-Myers Squibb Co. and United Kingdom-based AstraZeneca plc. Lilly is helping to develop and commercialize empagliflozin, which was discovered by Germany-based Boehringer Ingelheim. The drug is one of five that Lilly hopes to submit to the U.S. Food and Drug Administration this year.
AIT Laboratories recently named Scott LaNeve vice president of sales and marketing. LaNeve spent the past eight years doing sales and marketing for a series of small startups and mid-market companies. He previously worked for Boehringer Mannheim and Roche Diagnostics. LaNeve earned his bachelor’s degree in psychology from West Virginia University. He also studied marketing management at Boston University’s overseas graduate program in Germany, finance and accounting at the Columbia University Graduate School of Business in New York and global business management at the Institute for Management Development in Switzerland.
Interactive Intelligence says it needs more workers to handle increased business as it attracts larger clients and grows its sales related to cloud data storage and management.
Downtown hoteliers are expecting a sellout this weekend, and ticket brokers are reporting a spike in ticket prices even though Indiana University is playing elsewhere.
Eli Lilly and Co. granted larger bonuses to its top five executives early this year, which boosted their 2012 compensation anywhere from 3 percent to 8 percent.
Two people died and another was in critical condition after a car crashed into a building on the far-east side early Sunday morning. Tiffany McGinnis, 27, of Indianapolis was arrested on preliminary charges of driving while intoxicated. Police say she drove a Chevrolet Impala into the Univar USA Inc. building at 7425 E. 30th St., just before 3:30 a.m.
Matthew Graves, a coach for the Butler University men's basketball team for more than a decade, is leaving the program to become head coach at the University of South Alabama, sources say. Graves, a former Butler player, was an assistant coach for nine years before being named associate head coach in 2010. South Alabama went 17-13 this season and finished second in the Sun Belt Conference. Its coach, Ronnie Arrow, retired earlier this season.
Indianapolis startup MaxTradein has expanded its operations to Cincinnati, taking the first step in what its founders hope will be a national rollout.
A snowstorm that left 7.2 inches of snow in Indianapolis on Sunday set a weather record for the date. The National Weather Service said the snowfall was the most that has fallen in the city on March 24 since 1912, when it got 5.8 inches. While it isn't all that rare for Indiana to get snow in March, it is unusual to get so much.
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon’s Jeff Bezos and Larry Page of Google.
The vocal star of Disney’s “Beauty and the Beast” and 1970s film icon (“Ice Castles,” “Ode to Billy Joe”) to join telecommunications faculty.
An Indiana military institution that has been a training site for thousands of deploying troops is getting a new name and a new peacetime mission. Officials say changes could someday lead to hundreds of computer-training jobs.
Republicans typically invoke Ronald Reagan's "11th Commandment" when they're fighting within the family, and there's been plenty of infighting recently over Gov. Mike Pence's tax cut at the Statehouse.
For me, the weekend included leading critics from around the country to just about every theatrical venue around Indy. What was happening elsewhere?
Federal regulators are pressing the Supreme Court to stop big pharmaceutical corporations from paying generic drug competitors to delay releasing their cheaper versions of brand-name drugs. They argue these deals deny American consumers, usually for years, steep price declines.
George had resigned in October after submitting a proposal to purchase IndyCar. He cited a conflict of interest as his reason for stepping down. He was allowed to return because he's no longer trying to regain control of the series.
Mary Beth Bonaventura takes over an agency marked by high caseworker turnover and roiled by news investigations into its handling of abuse and neglect cases.
Officials in southern Indiana are proposing their state pay Kentucky's unfunded share of construction costs to avoid tolls on two new bridges linking the states over the Ohio River.
The incoming director of the Indiana Department of Child Services says her goals include figuring out how to reduce caseworker burnout and working with the Legislature to improve the agency's operations and the welfare of children.
