Indiana says insurers can’t reinstate canceled policies
The state insurance department said Wednesday morning that to do so would “create logistical chaos” and “destabilize” Indiana’s individual health insurance market.
Health Care & Life Sciences
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Pence asks to meet with Sebelius over HIP expansion
Pence wants to expand Medicaid coverage using some form of the Healthy Indiana Plan, which currently provides insurance to about 40,000 Hoosiers who agree to make monthly contributions to health savings accounts. The Obama administration has questioned that feature of the program.
New Eskenazi hospital offers heavy dose of artwork
At 1.3 million square feet, the new hospital has plenty of room to display art, most of which was purchased with contributions from donors. The hospital is set to open Dec. 7.
Hospitals suffer third-quarter swoon
Indiana University Health and Franciscan Alliance saw key parts of their businesses deteriorate sharply, according to new financial reports released by the hospital systems, causing each to slash more than 900 positions.
Health care has priced itself out of its own market
It’s no secret the growth of the U.S. economy slowed in the 2000s after the go-go decade preceding it. But the U.S. health care system—hospitals, doctors, drug companies, device makers and health insurers—apparently didn’t get that memo.
New $754M Indy hospital offers sun-filled design
From the spiraling wooden sculpture suspended from the ceiling in the main concourse to the vegetable garden on the roof, the brand-new Eskenazi Hospital keeps you wondering what you will see around the next corner.
Health care cloud firm expanding, adding 62 jobs
The Zionsville-based firm said it will spend $1.4 million to lease and equip a 16,626-square-foot headquarters facility at Northwest Technology Park to allow for the expansion.
Hamilton County health facility with 100 workers closing
The state’s Division of Disability and Rehabilitative Services ordered an immediate transfer of the residents to other providers Nov. 11. The state recently cited the facility for violations regarding infection control and other problems.
House GOP gets its say on insurance cancellations
Republicans renewed an assault on President Barack Obama’s health care overhaul and his credibility on Friday as they pushed toward House passage of a measure to let insurers keep selling health coverage that falls short of the law’s strict standards.
Obama’s telling the same kind of fib he did before
The Affordable Care Act was designed to restructure the individual insurance market into a true insurance risk pool. President Obama should stop pretending those changes won’t affect everyone in the individual market, whether they want it to or not.
Indiana insurance department studying Obama proposal
Chief Deputy Insurance Commissioner Logan Harrison says the Department of Insurance doesn't yet know whether state regulators have the legal authority to approve reversals.
Obamacare has many health care insurers worried
The messy rollout of the insurance exchanges has made it hard for carriers to figure out what business will be like in 2014.
Lilly to spend another $700M in growing market for diabetes products
The move includes a $45 million investment for Lilly's operations in Indianapolis, on top of $400 million in investments the company announced over the past two years.
701 Hoosiers choose Obamacare plans at rollout
The administration says fewer than 27,000 people managed to enroll for health insurance last month in the 36 states relying on the problem-filled federal website for President Barack Obama’s overhaul.
Lilly pledges up to $1.8B to Pfizer for access to potential blockbuster
Eli Lilly and Co. and Pfizer Inc., which are both suffering through some of the largest patent cliffs in the industry, will split any future costs and profits of an osteoarthritis drug that has stalled in clinical testing.
Testosterone drugs raise heart risk, study finds
Testosterone replacement drugs, a $1.6 billion market for Eli Lilly and Co. and others, boosted the odds of having a heart attack, stroke or dying by 29 percent in one of the first studies weighing the therapy's cardiovascular risks.
Lilly a possible suitor for Novartis AG’s animal-health unit
Indianapolis-based Eli Lilly and Co., Bayer AG and Boehringer Ingelheim GmbH are among companies that may consider an offer if the Swiss drugmaker proceeds with the animal-health sale.
Lawmakers considering more changes to patent laws
U.S. lawmakers, influenced by companies including Indianapolis-based Eli Lilly and Co., Cisco Systems Inc. and Qualcomm Inc., are considering the second set of patent-law changes in three years as the courts try to race ahead of Congress.
State: It’ll be Christmas before we can talk to Obamacare website
Indiana officials don’t expect HealthCare.gov to be able to share individual account information with the state’s Medicaid computer systems until the end of the year.
With Obamacare, insurers will still find ways to avoid risk
Obamacare put an end to health insurers’ worst methods for avoiding risk. But that doesn’t mean insurers have ended their risk-shifting ways. Not at all.