IU Health says operations strong, but investment losses pull down earnings
The state’s largest health system said earnings from operations climbed 4 percent, but investment losses pulled down total earnings by 70 percent.
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Democrats unveil ‘Medicare for all’ bill favored by liberal base
A leader of House Democrats’ progressive wing is proposing “Medicare for all” legislation that would replace almost all private health insurance, winning endorsements from many of its top presidential contenders.
Indiana bill proposes felony charge if doctor misuses sperm
The Indiana Senate has approved a bill allowing felony charges if the deception involves a medical procedure, device, drug or human reproductive material.
Holcomb announces $750,000 in grants to fight drug crisis
Gov. Eric Holcomb’s office announced this week that 10 substance abuse coalitions each will receive a $75,000 grant to develop, improve and enhance treatment and recovery initiatives.
Lilly, other insulin makers must face price-gouging lawsuit, judge rules
The suit accuses the companies of raising insulin sticker prices by more than 150 percent over five years, forcing diabetics to forgo the drug, take less insulin than needed or use expired versions
Shelbyville hospital to partner with YMCA on indoor pool, health center
Major Health Partners is providing most of the money for the project—$15 million—and the city of Shelbyville and Shelby County each are committing nearly $1.6 million.
IU Health Foundation raises $19.1M in first full year
The new fundraising arm of IU Health said it exceeded its first-year goal by more than 300 percent, allowing it to expand its grants program statewide.
Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Developer of proposed hospital in Carmel agrees to use tax covenant
The developer that owns the land where Franciscan Health plans to build a $130 million orthopedic center in Carmel told city officials this week that taxes will be paid on the real estate in perpetuity, even if it sells the land to the health care system in the future.
Committee OKs bill that boosts age to buy cigarettes, e-liquids to 21
Senate Bill 425, authored by Sen. Randy Head, R-Logansport, would also prevent anyone under 18 from entering designated smoking areas in clubs and cigar stores.
Rokita lands job with Indianapolis health benefits company
Todd Rokita, who represented Indiana’s 4th district from 2010-2018 and served as secretary of state from 2002-2010, has taken a job as general counsel and vice president of external affairs for Apex Benefits.
Lilly shares dip due to drug failure, lowered forecast
The Indianapolis-based pharmaceutical giant on Wednesday tempered expectations for its earnings in 2019 after a promising cancer drug failed to pan out and the firm prepared for big acquisition.
Trump targets drug middlemen with ‘devastating’ rebate overhaul
The Trump administration Thursday unveiled a plan to channel now-hidden prescription drug rebates directly to patients, saying it would bypass middlemen and lower prices for consumers.
Community’s new east-side digs feature big ER, modern amenities
When the $175 million hospital opens in stages over the next two weeks, patients and visitors will see a major upgrade in facilities.
Harvard study involving Anthem unit finds older insulins are both safe, cheaper
Increasingly, top researchers are questioning whether drugs such as Lantus from Sanofi, Levemir and Novolog from Novo Nordisk A/S, and Humalog from Eli Lilly and Co. are really needed for many patients.
Senators threaten to force drug execs to testify about prices
Sen. Ron Wyden, the ranking Democrat on the committee, singled out Humalog, an insulin made by Indianapolis-based Eli Lilly and Co, as a drug with unwarranted price hikes.
Lilly cancer drug shouldn’t be started in new patients, FDA says
Lartruvo shouldn’t be started in new patients, and those patients already taking it should ask their doctors if they should continue, U.S. regulators said, following a key study that failed to show the medicine prolonged lives.
Health care systems increasingly allowing patients to rate doctors
Indiana University Health and Community Health Network have joined the national trend of posting online reviews, in a quest to win prospective patients and boost transparency.
Marian University interested in taking over state mental hospital site
The private university has started conversations with the state for assuming control of the site that holds Larue D. Carter Memorial Hospital, which will close later this year.
UPDATE: Indiana doctor’s offspring pushing state fertility fraud law
A Senate committee went along Wednesday with the request from Republican Sen. Mike Young of Indianapolis to remove from a bill the section creating a felony charge of fertility fraud for doctors using their own sperm or eggs without the patient’s consent.