Articles

House passes health care bill on close vote

In a victory for President Barack Obama, the Democratic-controlled House narrowly passed landmark health care legislation
Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. The 220-215 vote cleared the way for the Senate to begin a long-delayed debate
on the issue that has come to overshadow all others in Congress.

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Obama to sign homebuyer, jobless assistance bill

President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.

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Doctors balk at Senate attempt to cut waste

Some Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated, and ultimately
lead to a reimbursement system that works worse than the existing system.

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Indiana lands $39.4M in power-grid stimulus grants

IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.

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First Financial gets sweet deal on Irwin Financial’s bank assets

It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.

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Democrats eye insurance industry’s antitrust protection

Top Senate Democrats intend to try to strip the health insurance industry of its exemption from federal antitrust laws, according
to congressional officials, the latest evidence of a deepening struggle over President Barack Obama’s effort to overhaul the
health care industry.

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Lockheed Martin planning Indianapolis layoffs

Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and “funding issues” that are cutting short a five-year federal contract worth a total of $80 million.

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Baucus health reform bill draws fire in Indiana, too

The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and
opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for
the 85 percent of Americans who already have insurance?

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