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Drug costs on chopping block: M-Plan introduces pill-splitting program

January 2, 2006

Indiana’s second-largest insurer, M-Plan Inc., welcomed some of its customers to the new year with a pill-splitting program that can chop prescription drug costs in half. The Indianapolis-based health maintenance organization became part of a growing crowd of insurers endorsing a money-saving concept long practiced by doctors and patients. However, pill splitting still stirs a healthy dose of concern over safety in some corners of the pharmaceutical world. “I’ve had arguments with insurance companies about this for years,” said Skip…

In the new year, building on the successes of 2005:

January 2, 2006

This past year was one of the most active and successful in our city’s history. We pushed through legislation to fund an expansion of the Indiana Convention Center and build a new multi-purpose stadium, both of which will be tremendous boons to our region’s economy, pumping in more than $2.25 billion in investment and creating more than 4,200 permanent jobs over the next 10 years. In addition, through the leadership of the governor and legislature, a one-of-a-kind regional funding solution…

Kosene condo plan rankles residents: Broad Ripple developments would undermine character of village, neighborhood groups say

January 9, 2006

Kosene & Kosene Residential LLC wants to follow the success of its sold-out Monon Row condominium project in Broad Ripple with two new projects. But it’s facing strong opposition from nearby residents, who say the high-density projects are out of step with the small-town character of the village. The Indianapolis-based developer is seeking rezoning that would allow it to build 23 condos at 66th and Ferguson streets and 28 condos along the Monon Trail south of Broad Ripple. Buildings would…

‘Crammers’ facing big fines: Two firms accused of billing phone customers for directory assistance services not ordered

January 9, 2006

As in $1,071,000. That’s how much the Office of Utility Consumer Counselor wants the Indiana Utility Regulatory Commission to ring up in fines against Casper, Wyo.-based Micronet Inc. It also requests that the commission turn over the case to Indiana Attorney General Steve Carter for prosecution under the state’s deceptive practices act. Micronet is accused of billing hundreds of Indiana business, residential and state government lines in late 2004 and early 2005 for directory assistance service callers never requested or…

State’s plans for Larue Carter remain uncertain: New hosptal ideas are still under consideration

January 9, 2006

A year after the administration of then-Gov. Joe Kernan proposed building a new Larue D. Carter Memorial Hospital, the future of Indianapolis’ lone state-owned psychiatric hospital remains murky. The Indiana State Office Building Commission bought an 18-acre site near the IUPUI campus in December 2004, during the waning days of the Kernan administration. State officials talked then about spending as much as $55 million to build a Larue Carter that would replace the existing hospital, which is part of an…

Walther looks to change funding approach: Cancer institute’s shift in emphasis to grants worries some researchers

January 16, 2006

Walther Cancer Institute is shifting the way it spends millions of dollars on research every year, a move that adds an element of anxiety to some research labs at the Indiana University School of Medicine. The Indianapolis not-for-profit spent its first 20 years helping to build the research infrastructure at Purdue University, Indiana University and the University of Notre Dame by spending millions to pay the investigators who work there. Now, its leaders say they want to focus the money…

EYE ON THE PIE: Indiana turning toward Houdini plans

January 16, 2006

“What should the Indiana General Assembly do during this session?” The question came from Ralph Write, a newly minted reporter. “I’m glad you asked,” I replied. “Simple solutions from simple people would be simply spectacular. But the issues are complex and I don’t know if the legislators have the information they need to decide intelligently any of the major questions before them. “For example,” I expounded, as Ralph took more notes than were warranted by my remarks, “there is the…

Builders remain bullish: Area likely to escape home construction slump, experts say

January 16, 2006

When home mortgage lender Fannie Mae this month predicted home sales might fall as much as 10 percent in 2006, Wall Street shuddered. Shares of home builders dropped, temporarily stalling a rally in the broader stock market-and raising questions whether the pace of new subdivisions in central Indiana might slow. Yet despite the discouraging outlook for the national housing market, builders active in central Indiana remain optimistic, singing a common refrain: not here. As it has for the past two…

Aearo aiming for IPO: Giant in safety equipment wants to raise $230 million, plans overseas expansion

January 16, 2006

An Indianapolis company that makes earplugs, hard hats and other protection gear used by everyone from soldiers to construction workers has laid the foundation for an initial public stock offering. Aearo Technologies Inc. plans to raise up to $230 million in the offering and list its shares on the New York Stock Exchange, according to its registration statement filed late last year with the U.S. Securities and Exchange Commission. But the filing leaves blank a number of key details-such as…

IRSAY’S ODYSSEY: Owner learned from life in NFL to build winning team

January 16, 2006

The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.

CHRIS KATTERJOHN Commentary: Greetings from Florida-and the Edge

January 23, 2006

NAPLES, Fla.-After 11 days of vacation here in Naples, I’m beginning to gear up to return to work. I’ll be back in the office on the 23rd. Let me tell you what I’ve read since I’ve been down here. I started with “Memoirs of a Geisha,” an engaging piece of fiction that tells a beautiful love story while revealing the inside world of Japanese geisha. Second, I tackled “The Grail Bird,” a work of non-fiction that tells the story of…

Busy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster

January 23, 2006

For the second year in a row, a giant Wellpoint deal led the pack. As much money was involved in Wellpoint’s $6.7 billion acquisition of WellChoice Inc. as in the rest of the list combined. It was a huge deal by most any company’s standard-except Wellpoint’s. The year before, Wellpoint’s $22.7 billion merger with Anthem Inc. led all deals and then some. Thanks to that single mega-deal, 2004’s $31 billion list total shattered all previous local merger and acquisition records….

Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

January 23, 2006

Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon’s Clarian West Medical Center. Spa Director AndrÃ©a Bradley-Stutz expects the latest location to top…

EYE ON THE PIE: Let’s revisit the State of the State

January 23, 2006

Quite appropriately, Gov. Mitch Daniels did not make any claims about “a revitalized Indiana economy” in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only…

STATEHOUSE DISPATCH: Lawmakers will get serious when the dancing ends

January 23, 2006

Indianapolis may still be waiting for its first significant snowfall of 2006, but the legislative session zips along at breakneck speed. Jan. 23-27 marks the final week in which committees may consider legislation in their respective chambers of origin. We’ve warned you this session would consider matters of substance despite its short fuse-lawmakers will adjourn no later than March 14. So how do things shape up so far? If someone from another planet were to peer in underneath the Statehouse…

SPORTS: Crazy-with-grief Colts fans, you’re now on the air

January 23, 2006

Welcome to WIBJ Radio. I’m Beebee, your host of “Sports Geeks.” Our first caller is Fred from Franklin. Fred? Beebs, man, here’s how we handle those low-life, stomp-onour-hearts, marshmallow-soft Indianapolis Colts. We take their new stadium away. I mean, they are not worthy. So until they reach the Super Bowl, I say keep ’em in the Dome. Fred, what do we do with that big hole? Fill it in with water so the bean company can have beachfront property. Let’s…

Landing ad revenue: Airport charged up over sponsorship of electrical outlets

January 23, 2006

Advertisements for mutual funds, watches and kolaches. Now as you wait at the gate for your flight, you’ll even see ads on electrical outlets. The Indianapolis Airport Authority on Jan. 20 was expected to approve a $65,000 marketing partnership with Chase in what is the latest and certainly the most electrifying of all advertising schemes at Indianapolis International Airport. These are desperate times for marketers. Too many ads are getting lost in the shuffle. And barraged consumers have figured out…

Bedroom community awakens to growth nightmare: McCordsville land use, design standards put to test

January 23, 2006

This town is grateful just to have had a dentist hang out a shingle along its main drag the other day. McCordsville even held a ribbon cutting for a gas station-that remodeled. It’s hard to figure the locals would be uptight about much in the way of development. But, recently, the folks at Mc-Cordsville’s veterinary-clinic-turnedtown-hall took a long look a couple of miles north, to Fishers-the poster-child for explosive residential development-and they winced. So McCordsville recently adopted a land use…

INVESTING: Confused by Guidant? Here’s the CliffsNotes version

January 23, 2006

I’ve developed whiplash trying to follow the Guidant story. This situation has it all: drama, suspense, confusion, even death. I am going to offer a quick rehash of what has happened, what it can mean locally and what, if any, profit opportunities remain. To get the entire story straight would take a new series called “CSI Indianapolis,” but here is a CliffsNotes version instead. Guidant was a division of Eli Lilly until 1995. Lilly spun Guidant off at around $5…

Bills push for health incentives: Measures dangle carrots to quit smoking, shape up

January 23, 2006

A couple of state senators want to tame rising health care costs by delivering extra motivation to help government workers get in shape and other employees quit smoking. Sen. Vi Simpson, DEllettsville, has introduced a bill that would knock $100 off the annual health insurance premiums of state employees who complete a yet-to-be-designed wellness program. Sen. Beverly Gard, RGreenfield, is pitching legislation making it easier for employers to dangle incentives to curb smoking. That could lead to cash rewards for…

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Articles

Drug costs on chopping block: M-Plan introduces pill-splitting program

In the new year, building on the successes of 2005:

Kosene condo plan rankles residents: Broad Ripple developments would undermine character of village, neighborhood groups say

‘Crammers’ facing big fines: Two firms accused of billing phone customers for directory assistance services not ordered

State’s plans for Larue Carter remain uncertain: New hosptal ideas are still under consideration

Walther looks to change funding approach: Cancer institute’s shift in emphasis to grants worries some researchers

EYE ON THE PIE: Indiana turning toward Houdini plans

Builders remain bullish: Area likely to escape home construction slump, experts say

Aearo aiming for IPO: Giant in safety equipment wants to raise $230 million, plans overseas expansion

IRSAY’S ODYSSEY: Owner learned from life in NFL to build winning team

CHRIS KATTERJOHN Commentary: Greetings from Florida-and the Edge

Busy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster

Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

EYE ON THE PIE: Let’s revisit the State of the State

STATEHOUSE DISPATCH: Lawmakers will get serious when the dancing ends

SPORTS: Crazy-with-grief Colts fans, you’re now on the air

Landing ad revenue: Airport charged up over sponsorship of electrical outlets

Bedroom community awakens to growth nightmare: McCordsville land use, design standards put to test

INVESTING: Confused by Guidant? Here’s the CliffsNotes version

Bills push for health incentives: Measures dangle carrots to quit smoking, shape up