CNO tightens oversight on deal with reinsurer linked to Platinum
CNO Financial Group Inc. said it’s scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.
Health Care & Life Sciences
Articles
Anthem’s medical spending rises on higher Obamacare costs
Anthem Inc. shares fell Wednesday after the Indianapolis-based insurer said it expects to lose money on Affordable Care Act plans this year. The company had been planning to break even.
Lilly CEO Lechleiter to retire at end of year
John Lechleiter has been the company’s CEO since 2008. The announcement Wednesday morning of his retirement comes one day after the firm announced strong revenue and profit for its second quarter, indicating that Lechleiter’s initiatives have paid off.
CNO reports higher profit, tops analyst expectations
Carmel-based CNO Financial Group Inc. on Tuesday reported quarterly earnings that slightly exceeded analyst predictions.
Lilly beats analyst expectations, lays out bright outlook for rest of decade
CEO John Lechleiter said the company's strong R&D pipeline has put it on track to report average annual revenue growth of at least 5 percent through the remainder of the decade.
IU Health opens urgent care center in Plainfield
The health system has opened five urgent care facilities in the area since the beginning of last year.
Analysts expect Anthem-Cigna deal to unravel after Fed lawsuit
Cigna doesn’t appear like it’s ready to put up a fight to keep alive its $48 billion deal with Anthem, analysts say. But Aetna and Humana seem poised to put up more of a battle over their proposed merger.
Insurance commissioner says she has no conflict in merger
Connecticut Insurance Commissioner Katharine Wade contends she has no conflict of interest that would prevent her from overseeing a proposed merger between Indianapolis-based Anthem Inc. and Bloomfield, Connecticut-based Cigna Corp.
Company plans 4 ‘micro-hospitals’ in competitive local market
A Texas company that plans to build four “micro-hospitals” in central Indiana could face intense competition for patients, some hospital experts predict.
U.S. preparing lawsuits against Anthem, Aetna deals, sources say
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter.
Drug company plans $55M Whitestown distribution center
AmerisourceBergen Drug Corp. plans to have 120 full-time employees at the facility by the end of next year.
Big savings for St. Vincent in first year of accountable care effort
The Indianapolis hospital group and its Tennessee partner were able to reduce emergency room visits, inpatient admissions and readmissions, and increase the percentage of generic drugs under a new model of care.
Top U.S. health official emphasizes need for insurer competition
The Obama administration’s top health official is promoting the importance of competition to insurance markets, as the Justice Department is poised to decide on the massive Anthem-Cigna and Aetna-Humana merger proposals.
Planned Parenthood cites business decline for clinic closures
Patient visits are falling sharply at Planned Parenthood clinics in Indiana, due to more options for women’s services and less frequent need for Pap tests, prompting the organization’s decision to close six health centers in the state.
Planned Parenthood closing 6 Indiana health centers
Among the closures will be Planned Parenthood centers in Fishers and Avon.
Orthopedics clinic proposes $13M investment to start medical campus in Fishers
The development, known as MedTech Park, would encompass 37 acres to the east of St. Vincent’s Hospital along 136th Street and Interstate 69.
New peak for U.S. health care spending: $10,345 per person
The report from number crunchers at the Department of Health and Human Services projects that health care spending will grow at a faster rate than the national economy over the coming decade.
IU School of Medicine gets $2M gift to fund new faculty member
The Indiana University School of Medicine got the donation from the children of Indianapolis real estate developer Sidney Eskenazi. The endowed fund will be used to recruit a cancer researcher to Simon Cancer Center.
Next president should attack drug prices, Obama says in medical journal
President Barack Obama has written a game plan on health care for the next president, including a crackdown on prescription drug prices that may cut pharmaceutical manufacturers’ profits if adopted.
More buildings set to fall on IUPUI campus
The planned demolitions of the old IUPUI Psychiatric Research Building and the Wishard Helipad site are the next projects sparked by the land swap between IUPUI and Eskenazi Health’s parent.