Biden signs major climate, health care legislation
The measure is expected to be paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
Health Care & Insurance
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American Senior Communities agrees to pay $5.6M to settle false claims allegations
American Senior Communities, the largest nursing home company in Indiana, has agreed to the settlement to resolve allegations that it violated federal laws by submitting false claims to the Medicare program.
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IU Health reevaluating scope of $2.68B downtown hospital campus
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.
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Shares in insurer formerly known as Anthem plunge on high medical costs
Investors were disappointed even as Elevance Health Inc. increased its full-year profit outlook and beat analysts’ projections for second-quarter earnings.
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CDC endorses more traditional Novavax COVID shot for adults
Health officials say U.S. adults who haven’t gotten any COVID-19 shots yet should consider a new option from Novavax. The protein-based shot is a more traditional kind of vaccine than the three brands available.
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Articles
FDA moves to make over-the-counter hearing aids available to millions
The new regulations will create a new category of hearing aids that will supersede state-level regulations requiring patients to visit physicians or audiologists to get prescriptions and fittings.
CDC drops quarantine, screening recommendations for COVID-19
The changes are driven by a recognition that an estimated 95% of Americans 16 and older have acquired some level of immunity, either from being vaccinated or infected, agency officials said.
How the Inflation Reduction Act might affect millions of Americans
Major changes to the Affordable Care Act. The nation’s biggest-ever climate bill. The largest tax hike on corporations in decades. And dozens of lesser-known provisions.
Pfizer buying spree continues with $5.4B hematology deal
The pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. The drugmaker has announced deals valued at a total of nearly $19 billion, counting debt, since late last year.
Democrats’ slimmer spending bill focuses on health care, climate change deficit-reduction
The estimated $740 billion package—passed Sunday by the Senate and heading to the House—is full of party priorities.
White House condemns Indiana abortion ban
Meanwhile, IU Health, Indiana’s largest health care system, said Saturday that it would take a few weeks to study the implications of the law on patients and practitioners.
Marathon Health cuts 94 jobs in restructuring
The cuts amount to about 6% of Marathon Health’s workforce and were largely to non-clinical positions, said Ben Evans, co-founder and chief growth and strategy officer.
U.S. declares public health emergency over monkeypox outbreak
The announcement will free up money and other resources to fight the virus, which may cause fever, body aches, chills, fatigue and pimple-like bumps on many parts of the body.
Doctors, hospitals push back on Indiana abortion bill
Lawmakers in the Indiana House are scheduled to take up the measure in a day-long committee hearing Tuesday.
Startup buys old St. Vincent Emergency Physicians accounts, goes after insurer for $15M
A startup company that specializes in buying written-off medical accounts is suing a Connecticut insurer for $15.1 million, claiming it failed to fully pay St. Vincent Emergency Physicians for services it provided to its members. Ecure Indiana Corp. filed suit July 28 against United Healthcare Insurance Co.
Thousands of lives depend on a transplant network in need of ‘vast restructuring’
The system for getting donated kidneys, livers and hearts to desperately ill patients relies on out-of-date technology, according to a confidential government review obtained by The Washington Post.
The Freedom Forum podcast: Angela Smith Jones, vice president of diversity and inclusion for the Health & Hospital Corporation of Marion County
Jones explains how she has incorporated lessons from her previous role as deputy mayor of economic development for the city of Indianapolis into her new role focusing on DEI in the health care sector.
New studies bolster theory coronavirus emerged from the wild
The research, published online Tuesday by the journal Science, shows that the Huanan Seafood Wholesale Market was likely the early epicenter of the scourge that has now killed nearly 6.4 million people around the world.
Amazon to buy primary care provider One Medical for $3.9B
One Medical is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.
U.S. health insurers raising rates to match increase in usage
Health insurers in individual marketplaces across 13 states, including Indiana, and Washington, D.C., will raise rates an average of 10% next year, according to a review of rate filings by the Kaiser Family Foundation.
Inotiv subsidiary reaches settlement in animal welfare lawsuit
As part of the settlement, Indianapolis-based Envigo will relinquish 4,000 beagles at a dog-breeding facility to the Humane Society of the United States, or HSUS.
Lilly Endowment sells more than $500 million in Eli Lilly stock
The stock sale is a primary way for the endowment, one of the largest private philanthropic foundations in the United States, to raise cash to make grants to arts, education, religious and community development organizations.
GE reveals identity of three companies after historic split
The split is the culmination of years of paring by the massive American conglomerate, which signaled a shift away from a corporate structure that dominated U.S. business for decades.
IndyCar makes Vaizer first female medical director
Dr. Julia Vaizer has spent the past year assisting Dr. Geoffrey Billows, the series’ longtime medical director, who announced that he will be stepping down.