Executive compensation surges at CNO Financial Group
The Carmel-based life and health insurer more than doubled CEO Jim Prieur’s compensation, and also gave increases ranging from 44 percent to 89 percent to other top executives.
Health Care & Insurance
Articles
Parties near deal for hospital tax
Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.
Arcadia in danger of stock exchange delisting
The Indianapolis-based health care company’s stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.
Q&A
Dan Ferber is a freelance magazine writer in Indianapolis who writes about science, health and the environment for such publications as Science, Popular Science, New Scientist, Audubon, and Women's Health. He co-authored a new book with Harvard Medical School's Dr. Paul Epstein titled "Changing Planet, Changing Health: How the Climate Crisis Threatens Our Health and What We Can Do about It." It was published this month.
China making big gains in drug R&D jobs state covets
The total annual cost for one researcher at Lilly might run $300,000 to $350,000 a year. The figure at Crown Bioscience is one-third of that, said a company executive.
United Financial Systems slapped with lawsuit
An Indianapolis insurance brokerage disciplined for unauthorized legal practice might now face millions of dollars in claims from more than 4,000 former clients because of a class-action suit filed in Marion Superior Court.
Wishard gives IT firms in health and life sciences a place to test products
TechPoint-led initiative is meant to help bring inventions to market by giving them a trial in real-world setting.
Insurer seeks to avoid claims from wedding accident
A Michigan insurance company is seeking to avoid paying for any claims made by Mavris Arts & Event Center in Indianapolis involving a high-profile fatal wedding-shuttle accident last summer.
WellPoint to give shareholders annual ‘say on pay’ vote
All publicly traded companies have to allow advisory votes about top executives compensation every two or three under the Dodd-Frank financial reform passed by Congress last year.
Medicare rules hammer hospitals, docs
Being an accountable care organization will be the major leagues of health care after the federal Medicare program set a high bar for the new kind of doctor-hospital organization.
Doc groups play up economic impact
Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.
Antidepressants linked to narrowed arteries
The study included Eli Lilly and Co. drug Cymbalta, which racked up sales of $3.5 billion last year for the Indianapolis-based drugmaker.
Indiana college to break ground on pharmacy school
Northern Indiana's Manchester College plans to begin work this summer on the college's new $18 million pharmacy school.
Scientists question claims in biotech letter
The widespread Internet posting of a letter by a retired Purdue University researcher who says he has linked genetically modified corn and soybeans to crop diseases and to abortions and infertility in livestock has raised concern among scientists that the public will believe his unsupported claim is true.
Drugmaker Lilly launches global service program
Eli Lilly and Co. is starting a service program that sends employees around the world to help developing communities and learn about other cultures, as the drugmaker looks to international markets.
Hamilton, Boone counties among Indiana’s healthiest
A new report says Hamilton and Boone counties are among the healthiest in Indiana, while Marion ranks among the worst.
Franciscan Alliance plans 84 jobs at Greenwood billing center
The Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating 84 jobs in the next four years.
Illinois House votes to lift smoking ban at casinos
Tom Swoik, executive director of Illinois Casino Gaming Association, said gambling revenue has dropped 32 percent since the state’s smoking ban was approved. He said the ban has cost state government about $800 million in taxes.
Q&A
Susan Rider is an employee-benefits account manager at Indianapolis-based Gregory & Appel Insurance. On July 1, she will become president of the Indiana State Association of Health Underwriters. She spoke about the first-year impact of the 2010 health reform law and further changes to come.
Zimmer goes on offensive against lawyers
The Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants called NexGen.