Insurance stocks jump as Irma avoids worst-case scenario
Hurricane Irma weakened as it moved past Tampa on Monday, leaving in its wake a state that avoided the worst predictions of its destruction by sea and storm.
Health Care & Life Sciences
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Lilly breast cancer drug results could challenge Pfizer pill
li Lilly and Co.’s experimental breast cancer drug abemaciclib, when combined with standard therapy, slowed the progression of tumors in patients with an advanced form of the disease.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Lilly eliminating 3,500 jobs as part of cost-cutting plan
Indianapolis-based pharmaceutical giant Eli Lilly and Co. said the 3,500 jobs represent 8.3 percent of its global workforce. Lilly hopes the cuts will save it $500 million a year.
Anthem to sell insurance in fewer Kentucky counties
Indianapolis-based Anthem had been the only insurance carrier to sell plans in all 120 counties on Kentucky's health exchange.
Indiana proposes work mandate for state health coverage
State documents show that fewer than 30 percent of those enrolled in the Healthy Indiana Plan would be required to comply with Gov. Eric Holcomb's proposed work mandate.
Rising health care costs fuel Springbuk’s growth
The health-analytics-software firm sells an HR tool for employers to track health care spending and outcomes.
Biosciences institute CEO steps down; chief scientist promoted to top spot
David Broecker was founding CEO of the four-year-old Indiana Biosciences Research Institute, which aims to bridge the gap between research universities and industry in life sciences.
Lilly shares rise on surprising news from FDA on arthritis drug
The Indianapolis drugmaker said it will not be required to conduct another expensive, time-consuming clinical trial for the potential blockbuster.
Pacers lift curtain on $50M downtown training complex
The St. Vincent Center combines team training facilities—including regulation-sized courts, cushy recovery amenites and an underwater treadmill—with health care services for the public.
Obamacare’s last bare spot filled by insurer in rural Ohio
The final county in the U.S. that was at risk of not having an Obamacare insurer next year will have one. The county had been left without ACA coverage for 2018 after Anthem Inc. said it would pull out.
IU trustees approve design for new, $340M Bloomington hospital
The design features plenty of glass and natural light, along with Indiana limestone and brick highlights. The facility, scheduled to open in 2020, will replace an aging hospital about five miles away.
Anthem to stop selling individual plans in much of Virginia
Anthem's departure—along with Aetna and UnitedHealthcare—means only one insurer will offer individual plans in more than half of Virginia's counties and independent cities next year.
Trump lashes out after Merck exec resigns from president’s council
President Donald Trump criticized drug prices immediately after Merck & Co.’s CEO quit the president’s council of manufacturing executives Monday, to take a “stand against intolerance and extremism.”
Medicare ruling casts cloud over miniature-hospital movement
Whether so-called micro-hospitals can succeed financially might depend on whether they can meet Medicare’s definition of a hospital: a medical facility that dedicates the bulk of its services to inpatient care.
Baldwin & Lyons posts first quarterly loss since 2011
The Carmel-based insurer said it experienced some “infrequent, but severe” loss events during the quarter.
Anthem leaving Nevada health exchange in ‘significant blow’
Nevada officials on Monday decried the Indianapolis-based insurer’s decision to pull its plans from three of the state’s more populous counties only weeks after it said it would not offer plans in the state’s other 14 counties.
Medicare penalizing 62 Indiana hospitals for high readmission rates
The federal government says readmissions are often unnecessary and cost taxpayers tens of millions of dollars a year.
Purdue planning $35 million hospital for treating horses
Purdue’s Board of Trustees approved $30 million toward the project and the College of Veterinary Medicine is expected to seek $5 million in private donations.
Indy company projects revenue surge fueled by Google Glass
A local company that leases Google Glass devices and sells software on top of it expects revenue to jump from an estimated $1.4 million this year to about $11 million next year.