Articles

BRIAN WILLIAMS Commentary: Health care is hurting Indiana’s economy

Nearly 875,000 Hoosiers lack health insurance, including 165,350 children. Lack of health insurance takes a devastating toll on Hoosiers and the state’s economic health, and the effect of the uninsured will only get worse as their numbers grow. As companies confront rising health care costs, the obvious solution is dropping or scaling back health-insurance benefits. As a result, the number of uninsured increases, resulting in a premium cost shift to the insured and increased cost for government-provided health care. Over…

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Sarbanes-Oxley spreads beyond public companies: Hospitals, other not-for-profits consider tightening rules

Few topics might kill a cocktail conversation faster than the Sarbanes-Oxley Act, unless the dinner party includes hospital administrators, university presidents or other not-for-profit leaders. A desire to boost credibility-coupled with prodding from bond-rating ratings agencies-has broadened interest in the 4-year-old federal law far beyond the public companies it actually targets. Sarbanes-Oxley-passed by Congress in the wake of high-profile scandals at Enron, WorldCom and elsewhere-was intended to enhance financial disclosure and eliminate arrangements that could undermine the independence of auditors….

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Mr. Buick makes bid to dethrone Carson: Automobile dealer Dickerson takes grass-roots approach

Eric Dickerson held his hands out, palms facing each other, as if playing an accordion. He moved them closer to illustrate the narrowing margin of victory by which 7th District congresswoman Julia Carson has won re-election since 2000. A couple of tables away in the Starbucks near Broad Ripple, the founder of a private Indianapolis company sat listening to the political polka. Suddenly, he was up and talking to Dickerson, who wants to be Carson’s Republican challenger. “I want to…

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NOTIONS Playing both sides against the political middle:

Last weekend, I took my sons to see Woody Allen’s “Match Point.” It’s about a former tennis pro named Chris who gets himself into a jam. Chris is working at an upscale London tennis club when he meets a wealthy fellow named Tom. Tom introduces Chris to his sister, Chloe, with whom he falls in love (or, at least, “in like”). To help enhance Chris’ social stature and bank account, Chloe gets Chris a cushy job with her daddy’s firm….

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Firms face choice: Spend or be swallowed: Independent third-party benefits administrators watch consolidation wave sweep through state

For small companies, “their systems costs are just eating them alive,” said Donley, president of Donley & Co. Inc. “If they lose a couple large clients, all of a sudden they go from being in the black to being in the red.” Donley and others say the skyrocketing cost of doing business has triggered a wave of consolidation in the Indiana market for benefits administration. Since 2003, larger companies have gobbled or plan to gobble at least seven independently owned…

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NOTIONS: Will House protect Hoosier families?

Last fall, the Greater Indianapolis Chamber of Commerce invited members to an event called “Pancakes and Politics.” The invitation said that Indiana House Speaker Brian Bosma would preview the upcoming legislative session. Ever curious, I e- mailed the Chamber and said I’d attend. When I arrived, I was puzzled. There were, indeed, pancakes. Bosma was working the crowd. But instead of signaling a legislative overview, the PowerPoint slide on the screen said we’d be hearing about the accomplishments and goals…

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Bills push for health incentives: Measures dangle carrots to quit smoking, shape up

A couple of state senators want to tame rising health care costs by delivering extra motivation to help government workers get in shape and other employees quit smoking. Sen. Vi Simpson, DEllettsville, has introduced a bill that would knock $100 off the annual health insurance premiums of state employees who complete a yet-to-be-designed wellness program. Sen. Beverly Gard, RGreenfield, is pitching legislation making it easier for employers to dangle incentives to curb smoking. That could lead to cash rewards for…

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Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon’s Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top…

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EYE ON THE PIE: Let’s revisit the State of the State

Quite appropriately, Gov. Mitch Daniels did not make any claims about “a revitalized Indiana economy” in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only…

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Clarian finds room for luxury: Hospital one of a handful to feature spa treatment

Women giving birth at Clarian North Medical Center now can enjoy a massage, manicure or pedicure before they return home to the sleep-deprived life of caring for a newborn. These are a few of the services Indianapolis-based Ology will offer when it launches its second hospital spa Jan. 23 at the new Carmel medical center. Ology opened its first more than a year ago inside Avon’s Clarian West Medical Center. Spa Director Andréa Bradley-Stutz expects the latest location to top…

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EYE ON THE PIE: Let’s revisit the State of the State

Quite appropriately, Gov. Mitch Daniels did not make any claims about “a revitalized Indiana economy” in his recent State of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only…

Read More

Firms face choice: Spend or be swallowed: Independent third-party benefits administrators watch consolidation wave sweep through state

For small companies, “their systems costs are just eating them alive,” said Donley, president of Donley & Co. Inc. “If they lose a couple large clients, all of a sudden they go from being in the black to being in the red.” Donley and others say the skyrocketing cost of doing business has triggered a wave of consolidation in the Indiana market for benefits administration. Since 2003, larger companies have gobbled or plan to gobble at least seven independently owned…

Read More

NOTIONS: Will House protect Hoosier families?

Last fall, the Greater Indianapolis Chamber of Commerce invited members to an event called “Pancakes and Politics.” The invitation said that Indiana House Speaker Brian Bosma would preview the upcoming legislative session. Ever curious, I e- mailed the Chamber and said I’d attend. When I arrived, I was puzzled. There were, indeed, pancakes. Bosma was working the crowd. But instead of signaling a legislative overview, the PowerPoint slide on the screen said we’d be hearing about the accomplishments and goals…

Read More

Bills push for health incentives: Measures dangle carrots to quit smoking, shape up

A couple of state senators want to tame rising health care costs by delivering extra motivation to help government workers get in shape and other employees quit smoking. Sen. Vi Simpson, DEllettsville, has introduced a bill that would knock $100 off the annual health insurance premiums of state employees who complete a yet-to-be-designed wellness program. Sen. Beverly Gard, RGreenfield, is pitching legislation making it easier for employers to dangle incentives to curb smoking. That could lead to cash rewards for…

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State’s plans for Larue Carter remain uncertain: New hosptal ideas are still under consideration

A year after the administration of then-Gov. Joe Kernan proposed building a new Larue D. Carter Memorial Hospital, the future of Indianapolis’ lone state-owned psychiatric hospital remains murky. The Indiana State Office Building Commission bought an 18-acre site near the IUPUI campus in December 2004, during the waning days of the Kernan administration. State officials talked then about spending as much as $55 million to build a Larue Carter that would replace the existing hospital, which is part of an…

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Daniels’ team shakes up pension fund for teachers: Retirement plan may risk more on private equity

Under Gov. Mitch Daniels, Indiana is renewing its commitment to making sure teachers receive their pensions. But in the process, the state may also put their pension principal at greater risk. State Budget Director Chuck Schalliol said the $7.5 billion Indiana State Teachers’ Retirement Fund is considering expanding its holdings in private equity. The enormous pension fund already allocates 5 percent of its assets, or $240 million, toward such investments, which include venture capital, real estate and leveraged buyouts. Highly…

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Startup fills growing drug-trial niche: Indianapolis-based Anaclim focuses on recruiting minority patients

A new Indianapolis company plans to attack the chronic shortage of minority patients in drug trials armed only with 11 employees and the wisdom of a couple Eli Lilly and Co. executives. However, the founders of Anaclim believe they’ll find ample success by focusing exclusively on the growing push for diversity in the $10 billion contractresearch industry. Anaclim, which occupies a mostly empty office at Intech Park, could double its staff quickly and start raking in eight-figure revenue within three…

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Diversity is theme at IU med school:

Health care disparities and access issues are among the topics to be discussed this month when the Indiana University School of Medicine hosts its fourth annual Diversity Week. The week, which runs from Jan. 15 to Jan. 20, will include daily presentations at noon in the Emerson Hall auditorium on the IUPUI campus, according to school officials. Events begin Jan. 15 when IUPUI hosts its 36 th annual Martin Luther King Jr. Dinner at the Indianapolis Marriott downtown. The keynote…

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Drug costs on chopping block: M-Plan introduces pill-splitting program

Indiana’s second-largest insurer, M-Plan Inc., welcomed some of its customers to the new year with a pill-splitting program that can chop prescription drug costs in half. The Indianapolis-based health maintenance organization became part of a growing crowd of insurers endorsing a money-saving concept long practiced by doctors and patients. However, pill splitting still stirs a healthy dose of concern over safety in some corners of the pharmaceutical world. “I’ve had arguments with insurance companies about this for years,” said Skip…

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Small biz preparing wish list: Lobbyists hope to repeat past legislative success

But that doesn’t mean the organization and its 16,000 Hoosier members will rest on their laurels for the short legislative session in 2006. The group will bring a full wish list to the Statehouse in January, lobbying against increased property taxes and health insurance mandates. It’ll also petition lawmakers to restrict eminent domain seizures. Still, observers don’t think the organization will have as much cause for uncorking the bubbly as it did last year. No different than last session, businessfriendly…

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