Generic Ozempic could cost less than $3 a month, study shows
Generic Ozempic is set to emerge in major markets from India and Brazil to China and Canada this year, reshaping the sector in those countries.
Health Care & Insurance
Indiana puts legislative stop to Elevance’s out-of-network hospital care penalty
Senate Bill 189 took aim at a new policy by Indianapolis-based Elevance Health Inc. that cut hospital reimbursement by 10% if an out-of-network clinician was involved with care.
Anthem Blue Cross and Blue Shield forms local orthopedic care health network
OrthoIndy and Franciscan Health/Forté Sports Medicine and Orthopedics are the first two providers to join Anthem’s HealthSync Designated Orthopedic Network.
Indiana opens applications for rural health grants in partial offset of federal Medicaid cuts
The Growing Rural Opportunities for Wellbeing grant program was allotted $120 million in its initial year.
Elevance shares slip after insurer discloses suspension warning for Medicare prescription program
The U.S. Centers for Medicare and Medicaid Services alleges the Indianapolis-based health insurer has failed to properly submit required information to federal regulators since 2018.
Upcoming Medicaid work mandates meant to save money, but states will have to spend millions to comply
States face an immense task to prepare for the Jan. 1 kickoff of new Medicaid eligibility mandates affecting millions of lower-income adults in the government-funded health care program.
Lawmakers finalize Indiana oversight plan for compounded drugs, medical spas
The chamber’s final 43-6 vote on Senate Bill 282 followed weeks of negotiations between lawmakers and competing corners of the health care industry.
IU Health files lawsuit against firm hit by 2024 ransomware attack
Indiana University Health is suing a company that was hit by a ransomware attack two years ago — an event the health system says cost it $66 million and impacted its ability to process payments.
Anthem Blue Cross and Blue Shield in Indiana names new president
The new hire succeeds Beth Keyser, who now serves as Anthem’s West Region commercial president.
Dr. Richard Feldman: Trump isolating U.S. from world health system
We will lose our role as the major influencer in international health policy.
Lawmakers amend bill to tax nonprofit hospitals on nonmedical property
The amendment allows Indiana counties to benefit from property taxes on nonprofit hospital parcels that don’t have health care or revenue-generating purposes.
FDA to drop two-study requirement for new drug approvals, aiming to speed access
The FDA officials predicted the shift would lead to “a surge in drug development.”
There’s one industry powering the U.S. labor market
Without health care and related jobs, the United States would have nearly 400,000 fewer jobs than it did a year ago, according to Labor Department figures through January.
Landmark trial accusing social media companies of addicting children to their platforms begins
A slew of trials beginning this year seek to hold social media companies responsible for harming children’s mental well-being.
Novo Nordisk vows to sue after Hims & Hers launches Wegovy knockoff pill
Shares in Indianapolis-based Eli Lilly and Co., a rival to Novo Nordisk in the weight-loss market, also fell after the announcement, dropping 7.8% Thursday.
Trump administration to launch TrumpRx website for discounted drugs
The president first teased TrumpRx in September while announcing the first of his more than 15 deals with pharmaceutical companies, including Indianapolis-based Eli Lilly and Co., to lower drug prices.
Retail developer, philanthropist Sidney Eskenazi dies at 95
Eskenazi built one of the largest private retail development firms in the nation and became one of central Indiana’s most generous philanthropists.
Lilly signs $1.12B deal with Germany-based firm to develop hearing loss treatments
The agreement with Seamless is the latest in a series of purchases and partnerships Lilly has established to build a pipeline of genetic medicines.
UPDATE: Elevance shares wobble on Trump administration plans, lower projections
In a call with shareholders Wednesday, Elevance CEO Gail Boudreaux said the Trump administration’s plan to limit federal payments to Medicare Advantage “doesn’t keep pace with the current medical cost and utilization trends.”
Indiana hospitals face mounting financial challenges, endangering services, execs say
Rural hospitals are among those that are most affected by the financial challenges facing health care institutions in Indiana, according to a new report released by the Indiana Hospital Association.