Obamacare exchange 2.0: Anthem far from the cheapest plan
There are more choices and better deals in the 2015 Obamacare exchange, but if you want the same coverage as last year, it’s going to cost you more.
Health Care & Insurance
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IU Health’s third-quarter profit nearly quadruples
Indianapolis-based IU Health saw big increases in outpatient surgeries and imaging tests in the three months ended Sept. 30, reversing year-long declines. Hospitals nationally are also posting improved performances.
Health law faces higher bar in second sign-up season
Version 2.0 of President Barack Obama’s health insurance overhaul represents another chance to win over a skeptical public. But more than possible computer woes lurk as HealthCare.gov’s second open enrollment season begins Nov. 15.
Top 4 questions for Hoosier health care after GOP takes control of Congress
On Obamacare, the new Republican-controlled Congress should “leave the façade of the building and then demolish the inside of it,” according to one GOP leader. If Republicans take that approach, here are four things that could change in the next two years.
Two plead guilty in $50M Lilly prescription drug theft
Prosecutors said the two men and three others broke into a Lilly warehouse in March 2010 and stole thousands of boxes of drugs, including Zyprexa, Cymbalta, Prozac and Gemzar.
Carmel insurer reports smaller profit on investment losses
Carmel-based Baldwin & Lyons Inc. on Thursday reported a smaller profit in the third quarter despite writing a near-record number of premiums during the period.
Initiative raises $1M to boost science-based ag businesses
AgriNovus, the newest initiative of the Central Indiana Corporate Partnership, wants to help Hooosier ag companies play a leading role in figuring out to feed the world’s fast-growing population.
Will strip mall medicine help or hurt hospital systems?
Retail clinics and urgent care centers are proliferating. That could expand the market for health care. But if consumers decide instead to make strip malls the front door to their health care—rather than traditional physician offices—the hospital systems could see their market shares waning.
Obamacare launch has goosed WellPoint stock by 50 percent
WellPoint’s stock has benefited the most among major insurers since the 2013 launch of the Obamacare exchanges, along with tax subsidies to buy insurance.
Research firm Covance to be acquired in $6.1 billion deal
Covance manages clinical trials for drugmakers including locally-based Eli Lilly and Co. It employs about 1,500 workers in Indianapolis and Greenfield.
Insurers’ fight for customers keeps Obamacare rates down
While foes of the Affordable Care Act warned of double-digit rate increases, the costs of premiums seen so far is more modest for the new year.
Anthem canceling 30,000 individual health policies for Hoosiers
The insurer will not let customers who renewed their pre-Obamacare plans late in 2013 do so again this year. But switching to Obamacare-compliant plans could cause some premiums to spike and provider choice to dwindle.
Why small Hoosier employers aren’t dropping their health plans—yet
Obamacare's community rating rules would give 25-percent-off coupons to boomers while sticking millennials with a 75-percent surcharge, according to recent data from employer health plans.
Alzheimer’s drug makes Avanir potential Lilly target
Eli Lilly and Co. would be a logical acquirer for the maker of a drug that could treat agitation in Alzheimer’s patients.
Health care overhaul doubts ease for insurers
Health insurers such as WellPoint Inc. entered last fall cautious about a major coverage expansion initiated by the health care overhaul, but are finding the challenges more manageable than expected.
BioCrossroads: Life sciences funding hit $25B in past decade
In the decade after the founding of the BioCrossroads initiative, money spent on life sciences research and companies more than doubled, according to a report released Thursday by the Indianapolis-based life sciences business development group.
Hoosier medical device companies look off shore
Slowing domestic growth pushes executives to brighter markets.
Eli Lilly donates $12.7 million to United Way
The donation represents the giving of employees and retirees of Lilly and Elanco Animal Health in the U.S. and Puerto Rico, plus a matching contribution from the Lilly Foundation.
WellPoint profit dips, but rising membership boosts outlook
Enrollment in WellPoint’s health plans increased by 259,000 members in the third quarter. Growth came in WellPoint’s employer and Medicaid plans, while its individual health plans declined by 108,000.
CNO reports lower third-quarter profit, revenue
The Carmel-based insurance holding company had profit of $117.4 million in the period ended Sept. 30, down from $283 million in last year's third quarter. Revenue fell 11 percent, to $967 million.