Baldwin & Lyons sees quarterly increase in premiums, profit
Carmel-based insurer Baldwin & Lyons Inc. bounced back from its first money-losing quarter in almost six years by recording growth in both profit and premiums during the third quarter.
Health Care & Insurance
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Cook Medical wins first trial over blood-clot filters
Nearly 3,000 people have sued the Bloomington-based device maker, claiming the filters malfunctioned, sometimes piercing organs.
Cameras to capture car plates in St. Vincent parking lots
The hospital is about to roll out a parking-enforcement program to make sure employees stay in their designated areas so patients and visitors can park closer to the building.
Is it an emergency? Anthem makes patients question ER visits
Anthem said it has seen a drop in unnecessary ER visits in Kentucky since it started its review there and has rejected only around 1 percent of all claims as avoidable. The policy will expand to Indiana next year.
Trump expected to name ex-Lilly exec to lead Health & Human Services
Alex Azar, who ran U.S. operations for Eli Lilly before leaving in January, would be the administration’s point person on running—or dismantling—Obamacare.
Humana cutting 2,700 jobs amid uncertainty in health care
Louisville-based Humana Inc. plans to eliminate the jobs through a combination of about 1,500 layoffs and 1,200 buyouts for senior employees.
Indiana prosecutors vehemently oppose medical marijuana
The Association of Indiana Prosecuting Attorneys argues any type of marijuana legalization would come with grave consequences.
Analysts, investors laud Anthem’s new CEO, but reasons for turnover remain unclear
Stock analysts hailed Gail Boudreaux as an experienced, proven insurance executive, but some wondered why the company rolled out a succession move on such short notice.
Anthem confirms appointment of Boudreaux as CEO
Former UnitedHealth Group executive Gail Boudreaux, 57, is succeeding Joseph Swedish, 66, who will serve as executive chairman until mid-2018.
Boudreaux a trailblazer with vast experience in health insurance industry
Gail Boudreaux’s appointment as CEO of Anthem Inc., announced on Monday, makes her the highest-ranking female executive in the health insurance industry.
Report: Swedish to step down from Anthem
The Wall Street Journal reports that the Indianapolis-based insurance giant will name Gail Boudreaux, a former CEO of UnitedHealthcare, as its new chief executive.
American drug deaths skyrocketed in 2016, new report shows
The rate of deaths increased slightly in every quarter of 2016, indicating an accelerating epidemic. That crisis has been driven by opioid abuse.
Assessing Elanco options: sale, spinoff or status quo?
Lilly CEO David Ricks says the time is right “to consider a variety of options to maximize future value,” such as an initial public offering. But analysts say an IPO would make more sense if Elanco were performing better.
Carmel software firm in midst of expansion, 40 hires
Clinical Architecture is spending $4.2 million on its new headquarters space while seeking software developers, clinical experts, salespeople and product managers.
UPDATE: Indy-based health insurer MDwise to be acquired by Michigan firm
After the deal closes, the insurers are expected to collectively cover more than 620,000 people and generate annual revenue approaching $6 billion.
Lawsuit targets Trump’s rollback of birth-control rule
Two national advocacy groups filed a federal lawsuit in Indiana on Tuesday challenging a rule change by President Donald Trump's administration allowing more employers to opt out of no-cost birth control for workers.
West Lafayette biotech raises $40M to develop cancer-imaging drugs
The company said the funds would help it test its lead compound in late-stage clinical trials, allowing surgeons to detect cancerous cells with the help of fluorescent dyes.
IU Health pushes further into Fort Wayne, a market in upheaval
The Indianapolis-based health system said it will open a primary-care medical office in Fort Wayne early next year, and is examining “a long-term presence” in the market.
Aetna shares surge after reports of $66B offer from CVS
A deal would create a health-services giant and a bigger competitor for UnitedHealth Group Inc., which is the largest U.S. health insurer and has its own own clinics and a pharmacy-benefits unit.
Walgreens to close 600 stores as part of Rite Aid deal
Walgreens has more than 50 stores in the Indianapolis area. Rite-Aid operates 10 stores in Indiana, but none in the Indianapolis area.