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Yahoo! News - health insurance
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Mo. Senate passes health insurance measure
Posted: February 3rd, 2012, 6:10am EST
The Associated Press The Associated Press JEFFERSON CITY, Mo. Missouri senators have approved a measure that would require approval from lawmakers or voters before the state makes efforts to set up health insurance exchanges. Health insurance exchanges allow consumers to shop online for health insurance. The federal health care law gives states until 2014 to establish their own exchanges or have ... -
Insurance news: Sen. Feinstein supports state review of rate increases; Anthem plans in Colo. and Conn. to pay extra ...
Posted: February 3rd, 2012, 3:34am EST
Sen. Dianne Feinstein announced she is supporting a ballot measure to give California regulators the power to approve health insurance rates. In other news, Blue Shield in California says it will cover an autism behavioral therapy and Anthem Blue Cross and Blue Shield plans in Colorado and Connecticut announce plans to pay doctors for coordinating care. -
Local Catholics oppose Fed health insurance rule
Posted: February 3rd, 2012, 1:29am EST
MARIETTA — Local Catholics have added their voices to the opposition to a federal health insurance mandate that requires church-affiliated institutions to offer employee health coverage that includ... -
Labor tries again on health insurance bill
Posted: February 3rd, 2012, 1:16am EST
The Gillard government is hoping Adam Bandt, Andrew Wilkie and Rob Oakeshott will back its controversial changes to private health insurance. -
Free clinics in suburbs find a clientele
Posted: February 3rd, 2012, 1:07am EST
Every Sunday, eight to 10 people who can't afford health insurance visit a free clinic in west St. Louis County. -
Debate to resume on private health
Posted: February 2nd, 2012, 10:22pm EST
The federal government will press ahead with its plan to means test the private health insurance rebate. -
VHI prices to rise by an average of 9%
Posted: February 2nd, 2012, 10:08pm EST
The surge away from private health insurance is set to increase again, after VHI announced plans to hike its prices by an average of 9% from next month. -
Insurance companies cover Mo. autism treatments
Posted: February 2nd, 2012, 9:33pm EST
Missouri’s insurance department says nearly 4,000 residents received autism treatments that were covered by their health insurance plans last year. -
Debate to resume on private health changes
Posted: February 2nd, 2012, 9:01pm EST
The debate over Labor's controversial plan to mean test the private health insurance rebate is about to heat up again.
bizjournals.com - Health Care - Health Insurance
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Turkal: Sinai decision will be made within 60 days
Posted: February 2nd, 2012, 8:28pm EST by Corrinne Hess
A decision about the future of Aurora Sinai Medical Center in Milwaukee will be made within 60 days, according to Dr. Nick Turkal, president and chief executive officer of Aurora Health Care.
Turkal sent out a letter to community members Thursday night saying the plan will fulfill Aurora's pledge to balance "sound clinical practice, patient and community needs and what we can afford as a single health care system among several serving Milwaukee."
Sinai has lost $107 million over the last decade and is projected to lose another $30 million this year if nothing changes...
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Breast Cancer Action donations surge after Komen-Planned Parenthood fiasco
Posted: February 2nd, 2012, 6:32pm EST by Ron Leuty
Believe it or not, there is a beneficiary of the controversial decision by Susan G. Komen for the Cure to not continue funding breast cancer screening at Planned Parenthood centers.
San Francisco-based Breast Cancer Action saw donations from its recent email alerts surge 30-fold from the average volume of click-throughs from the alerts, said spokeswoman Angela Wall. It sent out two alerts Wednesday about the change in Komen’s grant process, which Planned Parenthood has charged was based on pressure from antiabortion activists, and how the change affects Planned Parenthood...
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Amazon supports same-sex marriage, following other area companies
Posted: February 2nd, 2012, 6:14pm EST by Greg Lamm
Amazon is joining other local tech companies in backing a proposed state law to legalize same-sex marriages. In a statement, Seattle-based Amazon said the “spirit of these bills is consistent with our long-standing employment practices.” The statement, reported by The Seattle Times, comes a couple of weeks after Microsoft, RealNetworks and Concur said they were endorsing a move to legalize same-sex marriage in Washington. The state Senate passed legislation Wednesday that would legalize gay marriage in the state... -
U.C. Berkeley intellectual property has started 146 companies in 20 years
Posted: February 2nd, 2012, 5:42pm EST by Steven E.F. Brown
Intellectual property rights from the University of California, Berkeley, have been used to start 146 businesses in the last two decades.
Some prolific professors have started plenty of companies -- chemist Richard Mathies, for example, has helped start 15 businesses, with five of them directly based on his laboratory’s breakthroughs. Mathies has 35 patented inventions, among them miniaturized “labs on a chip” -- an idea behind Affymetrix Inc. (NASDAQ: AFFX), which he helped found.
Chiron Corp...
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Bascom Palmer plans 547,000 square feet of expansions
Posted: February 2nd, 2012, 5:27pm EST by Brian Bandell
The University of Miami’s Bascom Palmer Eye Institute has four expansion initiatives planned that total 547,475 square feet.
The first initiative is to double the size of its 6,157-square-foot office in Plantation.
By the fall of 2013, Bascom Palmer plans to add 21,318 square feet to its Palm Beach Gardens medical office – a nearly 50 percent increase in size.
In Naples, Bascom Palmer is adding 1,283 square feet to its office in the next few months, which also represents a 50 percent increase...
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Auxogyn raises $20M in Series A funds
Posted: February 2nd, 2012, 4:56pm EST
Auxogyn Inc. said Thursday it has closed of the final tranche of its Series A funding. The private Menlo Park-based company is focused on advancing women's reproductive health and has raised $20 million to date. It specializes in a non-invasive early embryo viability assessment system called Eeva. According to a prepared statement, the initial tranche was placed in May 2010, and investors in the round include Menlo Park-based Kleiner Perkins Caufield & Byers, San Francisco-based TPG Biotech and Merck Serono Ventures, the strategic venture capital fund of Merck Serono, the division for biopharmaceuticals of German chemical and pharmaceutical company Merck KGaA... -
Gilead Q4 profit up, but EPS miss analyst estimates
Posted: February 2nd, 2012, 4:40pm EST
Gilead Sciences Inc.'s stock rose 0.16 percent to close at $49.31 per share on Thursday, but was trading more than 1 percent down after hours. The Foster City-based biopharmaceutical company (NASDAQ:GILD) reported net income for the fourth quarter of 2011 of $665.1 million, or 87 cents per diluted share, compared to $629.4 million, or 76 cents per diluted share for the fourth quarter of 2010. The company said fourth quarter revenue increased 10 percent to $2.20 billion, from $2 billion for the fourth quarter of 2010... -
St. Elizabeth denied NICU unit
Posted: February 2nd, 2012, 4:28pm EST by James Ritchie
St. Elizabeth Healthcare has been denied Kentucky approval to open an advanced neonatal intensive care unit. The hospital system applied in 2009 for the Level III NICU designation. But it failed to convince the Kentucky Cabinet for Health and Family Services the Kentucky needs the 12-bed service. A spokeswoman for the organization said St. Elizabeth is likely to appeal the decision. St. Elizabeth hoped to lure back the 990 Northern Kentucky women who leave the state to have their babies at Cincinnati Children’s Hospital Medical Center or elsewhere... -
Affymax promotes Smith to VP, market access, commercial development
Posted: February 2nd, 2012, 4:13pm EST
Affymax Inc. said Thursday it has promoted Cynthia Smith to vice president, market access and commercial development. Smith has been with the Palo Alto-based biopharmaceutical company (NASDAQ:AFFY) since 2008 as executive director, public policy, payer strategy, and operations. "Cynthia has made significant contributions to Affymax over the last three years, helping to build and provide leadership to Affymax's commercial organization, particularly as it relates to reimbursement and payer strategy," said Jeffrey Knapp, chief commercial officer of Affymax in a prepared statement... -
Gray taps Elaine Crider to serve on UMC board
Posted: February 2nd, 2012, 4:08pm EST by Ben Fischer
D.C. Mayor Vincent Gray has tapped Elaine Crider, an independent project management consultant from Ward 8, to join the United Medical Center board of directors. He has also asked Virgil McDonald to remain on the board for another term. D.C. Council must approve both appointments, which would run through 2014. If confirmed, Crider will replace Robin-Eve Jasper, the former director of the D.C. Department of Real Estate Services, who was first appointed to the board by then-Mayor Adrian Fenty shortly after the District seized the hospital in 2010...
Yahoo! News - health insurance
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Health Insurance Stocks For a Republican Win
Posted: February 2nd, 2012, 8:21am EST
Here's what you should put in your portfolio if Republicans clinch the White House.
bizjournals.com - Health Care - Health Insurance
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Merit Health sells Texas Hospitals, plans second deal
Posted: February 1st, 2012, 8:08pm EST by Ed Green
Louisville-based hospital operator Merit Health Systems LLC is selling off its current hospital portfolio in separate deals it describes as “successful monetization” of its hospital investments.
Merit, which is led local hospital veteran Ty Wilburn, already completed the sale of San Antonio, Texas-based Nix Health Care System and has an agreement to sell its New Jersey Hospital.
Terms of the deal were not disclosed.
According to a news release from Merit, Nix was sold to Prospect Medical Holdings Inc...
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Advisory Board earnings double
Posted: February 1st, 2012, 7:43pm EST by Jeff Clabaugh
Washington-based health care research and advisory firm The Advisory Board Co. saw earnings nearly double last quarter on higher sales and an increase in contract values. The company’s fiscal 2012 third quarter net income was $8.1 million, or 46 cents per share, compared to net income of $3.9 million, or 24 cents per share, in the same quarter a year earlier. Revenue rose 33 percent to $100 million. The Advisory Board says contract value at the end of the quarter was $386.6 million, up nearly 29 percent from a year earlier... -
Swedish-Providence affiliation complete
Posted: February 1st, 2012, 6:54pm EST by Peter Neurath
With health care reform evolving and as hospital organizations and physician groups team up to cope with it, Swedish Health Services and Providence Health & Services today announced that they have completed their planned affiliation. “We want to lead, not follow,” said Swedish CEO Dr. Rod Hochman about the big changes afoot in the nation’s health care industry. “Our coming together is unique, special, and it puts us out in front of the curve.” The affiliation is led by a 19-member board, with five members from Swedish and 14 from Providence... -
Former Geron CFO gets $750K severance, $400-an-hour consulting gig
Posted: February 1st, 2012, 6:09pm EST by Ron Leuty
Longtime Geron Corp. employee David Greenwood, who served as interim CEO for seven months last year, received a lump sum severance payment of $750,000 and a two- to five-month consulting deal that will pay him $400 an hour.
Greenwood, who had been with Geron (NASDAQ: GERN) in various jobs since 1995, left the Menlo Park-based drug development company at the end of last year. He was appointed interim CEO on the departure of Thomas Okarma in February 2011.
Geron hired Chip Scarlett as CEO in September and Greenwood became president and chief financial officer...
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Judge blocks Medi-Cal rate cuts to providers
Posted: February 1st, 2012, 5:55pm EST by Kathy Robertson
A federal judge has blocked California’s attempt to cut Medi-Cal rates to doctors, dentists, pharmacists and other Medi-Cal providers by 10 percent. U.S. District Court Judge Christina Snyder granted a preliminary injunction Tuesday that prohibits the state from implementing the cut, which is part of a budget fix adopted by the California Legislature last March. In twin rulings in December, the same judge tossed California’s 10 percent cuts in Medi-Cal fees to pharmacies and skilled nursing units inside hospitals... -
Study: Kids' health foreshadows heart disease in parents
Posted: February 1st, 2012, 5:47pm EST by James Ritchie
If you want to know if you’re at risk of premature cardiovascular disease, take a look at your children.
Children with high triglyceride levels at age 12 are more likely than those with normal levels to have heart attacks and strokes by the age of 38, according to a study by Dr. Charles Glueck of Jewish Hospital and Dr. John Morrison of Cincinnati Children’s Hospital Medical Center
“When we identify children with these risk factors early, we can start the children on primary prevention programs to can help reduce their chances of suffering heart attacks and strokes and developing type 2 diabetes later in life,” Glueck said...
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Tranzyme Pharma lands $9M in debt financing
Posted: February 1st, 2012, 5:29pm EST by Jason deBruyn
Tranzyme Pharma (Nasdaq:TZYM), a drug development company in Research Triangle Park, on Wednesday announced that it has landed an additional $9.3 million in debt financing from Oxford Finance LLC and Horizon Technology Finance Corp. (Nasdaq:HRZN).
Vipin K. Garg, president and CEO of Tranzyme, says the money will help Tranzyme take one of its drugs to a new drug application later this year.
Because of research and development costs, Tranzyme typically reports net operating losses. Through the first nine months of last year, it reported $13...
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Hercules to gain $2M from selling Barrx Medical
Posted: February 1st, 2012, 5:22pm EST
Hercules Technology Growth Capital Inc. said Wednesday it expects a net gain of about $2.2 million to $2.3 million in the first quarter of 2012 and a full repayment of its loan to Barrx Medical Inc., one of its portfolio companies. Earlier this month, Hercules completed the sale of all its outstanding shares of Sunnyvale-based Barrx to Covidien plc (NYSE:COV) in a deal valued at $325 million. "This exit is a positive outcome for our shareholders," said Manuel Henriquez, the president and CEO of Hercules in a prepared statement... -
Merrimack Pharmaceuticals puts off IPO
Posted: February 1st, 2012, 4:59pm EST by Kyle Alspach
Merrimack Pharmaceuticals has postponed its $166 million IPO, originally scheduled for this week, citing poor market conditions, according to IPO tracker Renaissance Capital.
The Cambridge-based biotech, which is developing potential treatments for cancer, planned to sell roughly 16.7 million shares of common stock, at an estimated initial offering price of between $8 and $10. The company first filed to go public in July.
Founded in 2000, Merrimack had planned to list on the Nasdaq under the symbol "MACK...
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Meridian Bioscience gets downgrade
Posted: February 1st, 2012, 4:07pm EST
Wedbush Securities Inc. has downgraded its rating on Meridian Bioscience Inc. (Nasdaq: VIVO) to “underperform” from “neutral.” The Los Angeles-based investment firm also dropped its price target on the company to $14 from $16. Wedbush cited Newtown-based Meridian’s recent failure to meet Wall Street expectations. The company makes diagnostic test kits and bioscience products. Earnings were 17 cents per share, excluding non-recurring items, which was 2 cents below analyst consensus estimates... -
Gates Foundation invites the world in with new visitors center
Posted: January 31st, 2012, 9:54pm EST by Valerie Bauman
Several months ago, I saw a young mother with a baby strapped to her in a sling walk through the front doors of the Bill & Melinda Gates Foundation, wander up to the front desk and ask, “What do you guys do?”
The people at the front desk stifled a laugh and clearly weren't sure what to say. They told her the foundation does a lot of things. They handed her one of the pamphlets sitting on the counter and she wandered away, apparently no more enlightened than when she walked in.
Should the woman come back to visit the foundation next week, she would probably walk away with a better answer after a tour through the brand-new Gates Foundation visitors’ center, opening Feb...
Yahoo! News - health insurance
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At the Capitol: Legislators planning rival health insurance bills
Posted: January 31st, 2012, 9:54pm EST
State senators from both parties say they plan to introduce legislation soon related to health insurance purchasing in Minnesota. -
Blue Shield agrees to cover autism therapy
Posted: January 31st, 2012, 8:48pm EST
The health insurance firm settles an action launched by California regulators and will now pay for applied behavior analysis therapy. A major health insurance company has settled an enforcement action with state regulators over providing special therapy for autism patients. -
City health insurance canceled for former New Albany mayor, others
Posted: January 31st, 2012, 8:20pm EST
New Albany Mayor Jeff Gahan has rescinded an order issued by former mayor Doug England that allowed England and two longtime city workers to continue on the city's health insurance plan after they stopped working for the city on Jan. 1.
bizjournals.com - Health Care - Health Insurance
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Kaiser, union play a numbers game with strike
Posted: January 31st, 2012, 7:43pm EST by Kathy Robertson
The Kaiser strike became a numbers game Tuesday afternoon, with different numbers tossed from different sides. Whether 80 percent walked the line, honored the picket — or crossed the line — depends on who’s talking. More than 21,000 nurses, mental health providers, optical workers and others were called to strike against Kaiser Permanente Tuesday by three different unions. The National Union of Healthcare Workers called the one-day strike to draw attention to stalled contract negotiations at bargaining tables across the state... -
Arizona DHS approves Rural/Metro purchase of PMT
Posted: January 31st, 2012, 7:10pm EST by Angela Gonzales
The Arizona Department of Health Services has approved Rural/Metro Corp.’s acquisition of Professional Medical Transport and its sister companies in Arizona. The deal was announced last fall, but has been waiting approval from the state health department. Today ADHS Director Will Humble approved the deal, but with some qualifications. “I wanted to make sure this didn’t result in a rate increase,” Humble told the Phoenix Business Journal. He is not allowing Rural/Metro to increase its rates for three years... -
Sigma-Aldrich completes acquisition of BioReliance
Posted: January 31st, 2012, 6:13pm EST by Greta Weiderman
Officials at Sigma-Aldrich Corp. said today that the company completed its acquisition of BioReliance Holdings Inc. from Avista Capital Partners for $350 million in cash.
St. Louis-based Sigma-Aldrich, a life-science and speciality chemical company, funded the acquisition with a combination of cash on hand and credit facilities. The company announced the deal earlier this month.
Rockville, Md.-based BioReliance Holdings provides biologic, specialized toxicology and animal health testing to companies and employs more than 650 worldwide...
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Kaiser strike apparently fizzles
Posted: January 31st, 2012, 5:57pm EST by Kathy Robertson
The Kaiser strike that promised to be the largest walkout in the company’s history — wasn’t. More than 21,000 nurses, mental health providers, optical workers and others were called to strike Kaiser Permanente Tuesday, but far fewer appeared to have shown up at the picket lines by the middle of the day. The numbers remain in dispute, however. Two-thirds of the Kaiser nurses in Northern California crossed the picket line, Kaiser said. “Nonsense,” countered Chuck Idelson, a spokesman with the California Nurses Association...
Yahoo! News - health insurance
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NH industry group supports health insurance exchange
Posted: January 31st, 2012, 5:51pm EST
A group of health insurers, businesses, chambers of commerce and the Business and Industry Association called Monday for the state Senate to pass a bill, sponsored by Sen. Ray White, R-Bedford, to create a state health insurance exchange.
bizjournals.com - Health Care - Health Insurance
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HCA will build emergency department early at StoneSpring campus
Posted: January 31st, 2012, 5:39pm EST by Ben Fischer
HCA Virginia will put the spurs to its hospital-development plans in Dulles, erecting a $10 million emergency center that will open more than two years ahead of the rest of the hospital, Tim McManus, the company's regional market president, said Tuesday. HCA Virginia, which owns Reston Hospital Center, won regulatory approval in 2009 to build the full-service, 164-bed StoneSpring Medical Center at the corner of U.S. Route 50 and Gum Spring Road. However, the hospital is not expected to open until late 2015, and HCA officials wanted to begin offering care there sooner... -
Flinn Foundation: Arizona bioscience jobs on the rise
Posted: January 31st, 2012, 4:31pm EST by Angela Gonzales
Despite the recession, bioscience jobs are on the increase, according to the Flinn Foundation’s Arizona Bioscience Roadmap update, released today.
The number of bioscience jobs increased by 7.4 percent during the postrecessionary period of 2009-10, compared with a 1.8 percent decline for the state’s overall private sector, according to the annual study conducted by the Battelle Technology Partnership Practice.
“Through the most trying economic circumstances of our lifetimes, bio in Arizona more than held its own,” said Walter Plosila, senior adviser to the Battelle practice...
Yahoo! News - health insurance
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Zeke Emanuel Predicts The Date Of The Death Of Private Health Insurance
Posted: January 31st, 2012, 4:29pm EST
? In a move as bold as The Babe pointing to the left field fence to call the shot on his next home run, Dr. Zeke Emanuel???brother of Rahm and a leading expert on the American healthcare system???along with Dr. Jeffrey Liebman, has called his own shot by predicting the extinction of the American private ...
bizjournals.com - Health Care - Health Insurance
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Oregon MDs nab $2.5 million in IT grants
Posted: January 31st, 2012, 4:28pm EST by Andy Giegerich
Oregon’s medical providers collected more than $2.5 million in federal health care grants that helped them install new health record technology systems. So says the Portland Interhospital Physicians Association, which helps local doctors manage their practices. Some 125 state providers have received health care reform funds intended to defray costs of installing and using new electronic health records. The money helped “early adopter” physicians add the new systems that will allow them to meet reform-driven requirements... -
Portland Archbishop blasts U.S. gov't over contraception
Posted: January 31st, 2012, 4:06pm EST by Suzanne Stevens
Portland Archbishop John G. Vlazny has called a requirement that employers include contraception in their health care plans a "severe assault on religious liberty."
In a letter written to his "Brothers and Sisters in Christ" and republished by several media outlets, Vlazny took aim at a Jan. 20 Health and Human Services ruling that health insurance plans cover all FDA-approved forms of contraception without charging a co-pay, co-insurance or deductible. Similar letters were written by other U.S...
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Musicians’ union drops unfair labor practice claim against Louisville Orchestra
Posted: January 31st, 2012, 3:44pm EST by Stephanie Clouser
The Louisville Federation of Musicians Local 11-637 has withdrawn its unfair labor practice claim against the Louisville Orchestra board and management.
As Business First previously reported, the musicians had filed a complaint against Louisville Orchestra Inc. with the National Labor Relations Board, alleging that orchestra management has not bargained in good faith regarding a new labor contract.
Gary Muffley, director of the labor board’s Cincinnati Regional Office, confirmed that the claim was withdrawn Monday...
Yahoo! News - health insurance
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Are health insurers on the way out?
Posted: January 31st, 2012, 3:20pm EST
Writing for the New York Times today, Zeke Emanuel and Jeffrey Liebman make what they admit to be a bold prediction : Health insurance companies are going the way of the dinosaurs, and are likely to be extinct by 2020. Accountable care organizations, they argue, will follow in their place. Read full article >> -
Lynn Quincy: Identifying Value In Health Insurance
Posted: January 31st, 2012, 11:26am EST
It is nearly impossible for most consumers to calculate health plan value. The Affordable Care Act (ACA) has some key provisions to address this gap. -
Opinionator: The End of Health Insurance Companies
Posted: January 30th, 2012, 11:18pm EST
Accountable care organizations will shift the focus of medicine away from treating sickness and toward keeping patients healthy. -
Health insurance exchange timeline
Posted: January 30th, 2012, 9:24pm EST
Jan. 1, 2013: States must demonstrate that exchanges can be operational by Jan. 1, 2014. First half of 2013: Exchanges undergo testing. October 2013: Open enrollment begins. -
Blue Cross and Blue Shield Individual Health Insurance Plans in Illinois, Texas and Oklahoma Available Through ...
Posted: January 30th, 2012, 8:00am EST
MOUNTAIN VIEW, CA-- - Today eHealth, Inc. , the leading online source of health insurance for individuals, families and small businesses, announced that it is offering individual and family health insurance ...