WellPoint sees double-digit rate rise for Obamacare in 2015
Two months before health insurers must submit rate proposals for 2015 to government regulators, WellPoint Inc. fired a surprising shot across their bow.
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WellPoint shares top $100 on bullish 5-year forecast
The health insurer predicted growth in government-funded health insurance programs would push revenue above $100 billion by 2018. That prompted investors to push WellPoint stock above $100 per share—an all-time high for the company.
Kentucky teams drive surge in demand for Indy’s NCAA regional
Demand for tickets and local hotel rooms spiked once it became clear that Kentucky and Louisville would meet in the Sweet Sixteen at Lucas Oil Stadium this weekend.
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Antonio Galindez, CEO of Dow AgroSciences LLC, will retire May 1 after nearly five years leading the agricultural biotech company. Tim Hassinger, Dow Agro’s global commercial leader and global leader of the company’s crop protection business unit, will be the new CEO of the Indianapolis-based subsidiary of Dow Chemical Co. Galindez joined Dow in 1983 as a field sales representative for agricultural products in Spain and held several leadership positions before becoming CEO. Hassinger has worked for Dow since 1984. Dow Agro, which has about 1,800 employees in Indianapolis, had global sales of $7.1 billion in 2013.
Methodist Health Foundation, the philanthropic arm of Indiana University Health Methodist Hospital, has hired five new staff members. Laura Gaybrick, Jane Manning, Jama Pryor and Dana Shank all worked in other parts of the IU Health organization. Gaybrick is now the foundation’s director of innovation and neuroscience development officer. Manning is a development officer. Pryor is director of marketing and communications. And Shank is a major gifts officer. In addition, the Methodist Health Foundation hired Kathleen Custer, formerly of the Indianapolis Symphony Orchestra, as executive assistant.
Dr. Aaron Carroll, a pediatrician and the director of the Center for Health Policy and Professionalism Research at the Indiana University School of Medicine, has been named a regular contributor to The Upshot, a new publication of The New York Times. Carroll is co-editor of a blog on health economics called The Incidental Economist, along with the blog’s creator, Dr. Austin Frakt. Both Carroll and Frakt will contribute to The Upshot, a data-driven site focusing on politics, policy and economic analysis.
Indiana braces for flood insurance subsidy changes
Thousands of Indiana homeowners who live in flood-prone neighborhoods are bracing for insurance premium increases, despite Congress' latest fix for the government's debt-saddled flood insurance program.
Media General to buy WISH-TV parent in deal worth $1.6B
Media General is buying fellow TV broadcaster LIN Media in a deal worth about $1.6 billion in cash and stock, the companies announced Friday.
MURTLOW: Business rallied for kids at Statehouse
Education. Work-force development. Quality child care. The war on poverty. Crime. Economics. These are all familiar words and phrases used readily by policymakers, business leaders and child advocates. But rarely have the concepts been more tightly intertwined into good state policy than they were during this session of the General Assembly.
Bold developer stirs up nursing-home business
Zeke Turner, the 36-year-old CEO of Mainstreet Property Group LLC—who frequently sports a boyish grin and a bold-colored dress shirt, but rarely dons a tie—said he’s “just getting started” in transforming the staid nursing home industry.
Westfield hopes to make money on Grand Park’s ancillary development
As competition kicks off at Westfield’s sprawling Grand Park Sports Campus, city leaders are working to recruit corporate partners willing to support their field of dreams.
As lease expiration nears, Indians continue years of investment in Victory Field
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
Top 10 most profitable hospitals around Indianapolis
Based on 2012 data, 23 of 30 hospitals in central Indiana are generating profits from their operations of 10 percent or more. The Indiana Orthopaedic Hospital and St. Vincent's Carmel campus are on top. After that, there are a few surprises.
Bosma asks House Ethics Committee to review Turner
House Speaker Brian Bosma wrote a letter to Ethics Chairman Greg Steuerwald on Thursday requesting an investigation into whether Republican Rep. Eric Turner violated any ethics rules.
Indianapolis firm scores big deal working for Colts’ rival
MainGate Inc. signed a 10-year deal to handle merchandise sales online and at LP Field for the Tennessee Titans.
Cabela’s chooses Noblesville for first central Indiana store
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
Team vying to redevelop GM plant site releases its plans
Now that Mayor Greg Ballard is lobbying to build a criminal justice complex on part of the property—a use not included in any of five initial proposals—one hopeful development team believes it’s time for the public to see what it envisions for the site.
State regulators scold Citizens, approve smaller water rate hike
Citizens Energy Group has won state approval to raise water rates for Indianapolis customers, but not before being taken to task for excessive executive compensation.
Democrats seek ethics investigation of Turner
Democratic Party Chairman John Zody asked Republican House Speaker Brian Bosma on Tuesday to investigate whether Republican Rep. Eric Turner of Cicero violated House ethics rules in fighting a nursing home ban this session.
Obamacare shuffles market share in some states, report finds
A snapshot of Obamacare enrollment in seven states suggests the law hasn’t significantly increased competition, but it has shuffled market share for some insurers, including Indianapolis-based WellPoint Inc.