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Harvard Pilgrim defends drug policy move

Written By Unknown on Sabtu, 10 Agustus 2013 | 16.30

A controversial change in drug insurance coverage by Harvard Pilgrim Healthcare has already sparked multiple lawsuits and a revision of the coverage from the insurance company, but pharmacists doubt the promised new policy will be carried out.

"We definitely have concerns about how they're going to apply the policy," said Todd Brown, executive director of the Massachusetts Independent Pharmacists Association.

The policy, changed to limit coverage to compounded drugs that are medically necessary, calls for a review process to determine the medical necessity of the drugs. This comes after the insurer sent out letters to patients, pharmacists and doctors clarifying that the policy would not automatically reject claims for compounded drugs.

A spokeswoman said Harvard Pilgrim is committed to reviewing requests within 48 hours, but have already completed many reviews in less time.

"It is efficient and effective, and we turn around responses quickly," said Joan Fallon, spokeswoman for Harvard Pilgrim.

But Brown said many applications have been immediately rejected, including some by HPHC representatives unaware of the revised policy. He said that less than one-third of the claims have been approved so far.

A motion for a preliminary injunction of the policy was denied in Norfolk Superior Court.

A spokesman for the Department of Consumer Affairs, which includes the Division of Insurance, said the department would be monitoring the marketplace to ensure the policy is implemented correctly.


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Lavish living in Lexington

With the price recently reduced by $100,000 to $1,999,000, activity is picking up for a farmhouse-inspired colonial in Lexington's sought-after Fiske Elementary School district.

The new 5,750-square-foot, 13-room home boasts five to six bedrooms, five and a half bathrooms, a kitchen equipped with professional-grade Thermador appliances, a "smart home" technology system, two gas fireplaces and a mahogany wraparound porch and deck. It sits on a three-quarter-acre lot with new and mature plantings on a quiet, dead-end road that leads to Lexington conservation land.

"It's an area where you can build a larger home because of the lot size," said Realtor Kristin Brown, of Coldwell Banker in Lexington. "There's a high rate of turnover in terms of new construction in this neighborhood."

The sun-filled home features red oak floors throughout. The herringbone-patterned foyer leads to a formal living room with chair rails, applied molding and a coffered ceiling, and a dining room with the same molding and a tray ceiling. Walnut floor inlays decorate both rooms.

The 22-by-17-foot kitchen's Thermador appliances include a 48-inch gas range with a pot-filler water spigot and a glass mosaic backsplash above it. The counters and large island are topped with quartzite.

The kitchen opens into a mudroom with a pantry and half-bath on one side, and a breakfast area and family room with a gas fireplace and wet bar on the other.

The first floor also includes a room with a separate entrance and a small full bath — perfect for an office, or for a bedroom for a multigenerational family who has a loved one who can't climb stairs.

"We tried to make it appealing to everyone," Brown said.

A "good morning" staircase from the kitchen meets the front-entrance stairs on a landing to the second floor, which includes a sitting area with shelving.

The massive master suite is the home's largest room at 1,000 square feet. With French doors and walnut floor inlays, it sports a gas fireplace and dual walk-in closets. A linen closet is located next to the Carrara marble and beadboard bathroom with his-and-her vanities, a freestanding soaker tub and separate shower with a rain shower head and body jets.

The second floor also includes two bedrooms with an adjoining bath with two sinks, and a fourth bedroom with another bath.

Another bedroom and bath occupy the third floor of the home, along with a playroom with two skylights and a room that could function as a media room.

The "smart home" technology allows the heating, central air conditioning, speaker system, lighting and alarm to be controlled from a smartphone.

"If you're traveling and it's 95 degrees out, you can turn on the air conditioning from your phone," Brown said.

The home also is equipped with a three-car garage, backyard paver patio and vacuum and lawn irrigation systems. The basement is unfinished.

Broker: Kristin Brown of Coldwell Banker, Lexington, 781-389-0893.


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Beetle convertible is fun to drive

High 80s, roof down and AC on max.

Ahh — automobiling bliss.

The 2013 VW Beetle convertible, with its powerful 2.0 L Turbo engine, continues a decades-long tradition by being one fun summer ride. We had the loaded $32,395 top of the line '60's edition that adds comfortable two-tone leather seats and denim blue paint.

The proven turbo cranks out 200 horsepower and really gets this Bug moving. With no lag on acceleration and instant response without getting bogged down by turbo lag, the Beetle demands its place on the road. VW employs a dual clutch automatic trans­mission that makes shifting seamless and smooth. The DSG technology picks the ideal shift points for the car, maximizing performance and good mileage. I averaged about 26 mpg in spirited driving, splitting the 21 city and 30 high­way ­estimates.

The car rides solidly and transmits some road bumps, more than its shared chassis-mate the Golf because of the larger antiroll bars on the suspension. The firmer ride doesn't diminish the fun factor at all, and thanks to the aggressive exterior remodel a couple of years ago, the car remains a head-turner.

Steering on the Beetle is sharp and precise. I liked how connected to the road you feel through the response — very European!

I also love how VW pays homage to its iconic predecessors by keeping the retro interior metal dash and small glove box (a larger one is under the dash) and easy-to-read gauges. Generous with tech features, the navigation and Fender stereo are well done and easy to use. Even the Bluetooth phone operated well in open air. Because it's a convertible you do pick up road noise with the top up, but the interior noise is relatively muted compared to other models I've driven recently.

One drawback with the top up is the limited vision out the small rear window.

I ran across a vintage 1960s Beetle convertible during my test and the difference in the vehicles was stunning. A wider, longer, front-mounted and more powerful engine, far more aggressive body styling and a roomier interior all demonstrate how far the VW convertible has evolved since its introduction in 1949. The oldster looks downright petite parked next to our test model. What they do share is a relative lack of storage space, but the rear seat roominess is a good trade-off.

There are eight price points for the convertible, starting at $24,995 and maxing out with our model. There are a few other convertibles in this price range to compare against: the Fiat 500, Chrysler 200, VW EOS and the Mini Cooper. I think the Beetle offers the driver a high degree of spirit and fun driving.


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Average jobless numbers dip to record lows

Written By Unknown on Jumat, 09 Agustus 2013 | 16.30

An encouraging unemployment application report yesterday was cause for optimism as the four-week average for initial unemployment claims dropped to the lowest since November 2007, economists said.

The four-week average, seen as a more accurate number because it adjusts for week-to-week fluctuations, dropped 6,250 to 335,500 per week even though applications rose by 5,000 last week.

"It's obviously good news," said Elliot Winer, chief economist for the Northeast Economic Analysis Group.

"Ultimately I hope that would help us drop the unemployment rate."

Nigel Gault, co-chief economist for the Parthenon Group, said, "The suggestion from what's happening with the claims is very likely an improvement in job creation and we might see the July number get revised up."

Winer said it is hard to tell if the increase in the past week will be part of a trend or just a blip in the numbers.

"Hopefully the one-week spike isn't the end of the drop," Winer said.

Even if the next unemployment numbers improve, the types of jobs created will be significant.

Many of the jobs added in July were low-paying positions in retail and food services.

The positive numbers also could figure into the Federal Reserve's critical decision on whether to start tapering off its $85 billion bond-buying program in September.

"If they taper, they'll be doing it on the basis that the labor market is doing OK," Gault said.


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South End renovation a Royal jewel

Considering the overall need for more housing in the city of Boston, it's no surprise that the new "Royal" building under development in the city's South End neighborhood at 407-409 Shawmut Ave. is already at 50 percent under agreement in just the first six weeks of going to market.

The Royal project is composed of two adjacent buildings — an 1892 insurance company building and a mid-1800s brownstone — combined into a single structure. The new development will have 12 units in total, most with two or 
three bedrooms.

Nine of the units have floor-through layouts with 1,600 to 2,500 square feet of living­ space. There are also two garden duplex units, each with 1,600 square feet, and one one-bedroom condo with about 900 square feet.

All of the units will have beautiful high ceilings throughout. One of the structures is a corner building, and the units located there will include 18 windows and 10-foot-high ceilings.

Bringing the buildings back to their original detail will be the architectural firm of Finegold Alexander & Associates, which is known for its historical renovations. In addition, the interiors will be designed by Terrat/Elms Interior Design.

Expect to see finish work that is very high-end. Master bathrooms will be all white with marble and glass tile, free-standing tubs and large showers. The guest bathrooms will be grey and silver in glass and ceramic tile with "dropped-in" tubs. The kitchens will have a combination of flat-front espresso-stained cabinetry along with Shaker-style light taupe painted cabinets. The appliance package includes Thermador wall-mounted ovens and integrated refrigerators and dishwashers. In addition to hardwood flooring throughout, all units will have high-velocity cooling and heating systems as well as tankless hot-water heaters.

Scheduled to be completed in the summer of 2014, the remaining six available units range in price from $1.2 million to $1.9 million with the exception of the one-bedroom space at $575,000.

As this development is still months away from viewing, all showings are scheduled 
through the Coldwell Banker office located at 137 Newbury Street, where finish boards and floor plans may be reviewed.

The project is being offered exclusively by Ricardo Rodriguez and Brian Kelley of Coldwell Banker Residential Brokerage. For more information or to schedule an appointment, 
Mr. Rodriguez may be reached at Ricardo.Rodriguez@NEMoves.com

Charlie Abrahams is a licensed real estate agent in Boston who works with buyers and sellers and can be reached for any additional information at Bostonreal­estate@charlie­ abrahams.com.


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Tumblr founder to get $81M to remain at Yahoo

SAN FRANCISCO — Yahoo's recently completed acquisition of Internet blogging service Tumblr includes an $81 million payment to Tumblr founder David Karp as long as he remains on the job for the next four years.

The retention payment disclosed in a regulatory filing Thursday is part of the windfall that Karp and Tumblr investors realized by agreeing to sell the service for $1.1 billion in May.

Karp turned 27 last month. He started Tumblr in 2007, a few years after he dropped out of high school in New York to concentrate on computer programming.

Yahoo Inc. CEO Marissa Mayer has pledged not to make any dramatic changes at Tumblr in hopes that the acquisition won't alienate the blogging service's existing users, which includes a substantial number of teenagers and young adults.

As part of her promise "to not screw it up," Mayer is allowing Karp to run Tumblr independently in New York. Yahoo is based in Sunnyvale, Calif.

Karp is believed to own a 20 to 25 percent stake in Tumblr, which means he probably has already received a windfall, which hasn't been disclosed, from the sale to Yahoo. But he must stay at Tumblr until June 2017 under the provision disclosed Thursday to get the $81 million retention payment.

The payment will consist of $41 million in stock and $40 million in cash, according to Yahoo's filing. Another $29 million in stock options and restricted stock is being doled out to other unnamed Tumblr employees over four years.

The documents also disclosed that Yahoo paid a total of $44 million to buy six other companies during the three months ending in June. All told, Yahoo paid about $1.15 billion to buy 10 companies, including Tumblr, during the first half of the year.

Yahoo has bought several other startups since the end of June. The prices for those deals are likely to be disclosed in another regulatory filing in October and November.


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Judge’s ruling may mean lower utility bills

Written By Unknown on Kamis, 08 Agustus 2013 | 16.30

Major electric companies may be forced to slash their rates by millions after a judge ruled the utility companies' rates too high, Attorney General Martha Coakley's office said yesterday.

The decision, handed down by an administrative law judge, could cut the rates Massachusetts bill-payers face by at least $50 million annually, with savings increasing to more than $70 million by 2017.

The decision would reduce the "return on equity" that utilities in New England — including Nstar and National Grid — can claim from ratepayers from 11.14 percent to 9.7 percent. ROE caps the percentage of profits utility companies can make, and allows rates to be adjusted to hit that target.

"This groundbreaking decision is a significant step toward bringing millions of dollars in relief to New England ratepayers who have been overcharged for years," Coakley said in a statement. In the original complaint, Coakley's office, along with utility regulators throughout New England, said the current ROE was unjust and unreasonable considering the current economic climate.

"National Grid continues to believe the existing ROE is just and reasonable," spokesman Fred Kuebler said. "By lowering ROE significantly, it could have an effect on how we invest in the infrastructure." He added National Grid will remain committed to providing the best service possible, regardless of the ultimate decision.

The decision would also retroactively lower that rate to 10.6 percent from October 2011 to December 31, 2012, although how this will be handled has not been determined.

The decision requires Federal Energy Regulatory Commission approval before it can take effect.


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Race against casino clock

The clock's ticking on Suffolk Downs — once seen as having a lock on the Eastern Massachusetts casino license — as rival bids from Wynn Resorts and Foxwoods gain steam and City Hall cranks up the heat on the East Boston track to sign its proposed mitigation agreement.

"They can't wait much longer," said the Rev. Richard McGowan of Boston College.

"They really need to sign something so they can have the election, wherever it's going to be," he added, referring to the dispute over whether to hold a host community vote citywide or just in Eastie.

If Suffolk reaches an agreement with city officials, they have between 60 and 90 days to hold an election, but resort casino applications are due to the Massachusetts Gaming Commission by Dec. 31. Wynn Resorts already cruised to a referendum victory in Everett last month and Milford selectmen voted earlier this week to begin negotiations for an agreement with Foxwoods.

The Herald reported yesterday the city was turning up the pressure on Suffolk to ink a casino deal.

"We continue to have productive conversations with city officials and look forward to continuing our work with the mayor and his team," said John Payne, a Caesars executive who's overseeing the Suffolk project for the company.

"This is not about putting pressure or leverage," said Dot Joyce, spokeswoman for Mayor Thomas M. Menino. "This is about making sure the city has a contract and mitigation package that is right for Boston. We will do that with any proponent that's seeking to develop a casino in and around our city."

Casino critic and mayoral candidate Bill Walczak yesterday proposed East Boston as the next innovation district and told the Herald a casino there would be as devastating to growth as a prior proposal for a football stadium would have been to the Seaport District.

"People need to know what they're giving up by voting in a casino," he said.

Meanwhile, a spokesman for Plainridge Racecourse, disqualified from bidding for the state's sole slots parlor license this week, told the Herald "all options and alternatives are being explored" for the future of the racetrack, including leasing or selling the property to another applicant. Gaming Commission spokeswoman Elaine Driscoll said the commission would have to approve any arrangement between Plainridge and a slots applicant.


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Six of 12 small cars do well in front crash tests

DETROIT — Six of 12 small cars performed well in front-end crash tests conducted by an insurance industry group, but some popular models fared poorly in the safety evaluations.

Only the two-door and four-door Honda Civic models earned the top rating of "good" in the tests done by the Insurance Institute for Highway Safety. The Dodge Dart, Ford Focus, Hyundai Elantra and the 2014 Scion tC got "acceptable" ratings.

But popular models such as the Chevrolet Cruze and Sonic and the Volkswagen Beetle got "marginal" ratings, while the Nissan Sentra and the Kia Soul and 2014 Kia Forte each were rated "poor."

The group didn't test the Toyota Corolla because a new version is coming out in the fall. The Corolla is the No. 2 selling small car in America, behind the Civic.

The IIHS ratings are influential because many auto shoppers find them while researching vehicles on the Internet.

The market for small cars is one of fastest-growing in the U.S. Automakers have made the cars quieter and more refined as people who want good gas mileage turn to compacts and subcompacts. So far this year, Americans have bought more than 1.8 million new small cars, up 12 percent over a year ago, according to Autodata Corp.

The cars were rated for their performance in the insurance institute's "small overlap" test of crashes that cover only 25 percent of a vehicle's front end. These tests, added to the IIHS's evaluations last year, are forcing automakers to bolster the front-end structure of all cars in order to avoid bad publicity from a poor performance.

The IIHS tests are more stringent than the U.S. government's full-width front crash test. The institute says that in many vehicles, a crash affecting one-quarter of the front end misses the main structures designed to absorb the impact. Yet such crashes account for nearly a quarter of the frontal collisions that cause serious or fatal injuries to people in the front seats, IIHS says.

The two Civic models and the Dart, Focus, Elantra and Scion tC each earned the IIHS' coveted "Top Safety Pick Plus" award for performing well in multiple tests, including the small offset crash. So far, 25 vehicles of all sizes have earned the award.

IIHS said that as a group, small cars performed worse than midsize cars, but better than small SUVs. Results for mini-cars will be released later in the year, the group said.

"Manufacturers need to focus on the whole package," David Zuby, the Institute's chief research officer, said in a statement. "That means a strong occupant compartment that resists the kinds of intrusion we see in a frontal crash like this, safety belts that prevent a driver from pitching too far forward and side curtain air bags to cushion a head at risk of hitting the dashboard or window frame."

Kia said in a statement that the IIHS test goes beyond U.S. government requirements and noted that the Soul and Forte received top safety ratings from the National Highway Traffic Safety Administration. Nissan said it will review the IIHS tests. The Sentra, it said, performed well in other IIHS tests.

GM, which makes Chevrolet, said it's working to improve the structure and restraints in its small cars where technically possible. Volkswagen said its cars exceed all federal safety standards.

Honda bolstered the Civic's front structure as part of a redesign late last year, said Karl Brauer, senior analyst at Kelley Blue Book. Some older models, such as the Cruze and Sonic, were designed before the test was announced.

A strong performance in the IIHS tests will help people feel safer when buying small cars, Brauer said in an email.

IIHS, a nonprofit research group funded by insurance companies, conducts its small offset test by crashing vehicles into fixed 5-foot-tall barrier at 40 mph to simulate collisions with a utility pole or tree. The institute gives vehicles demerits when the structure intrudes into the passenger compartment, or if a crash dummy suffers injuries to head, neck, chest or other parts of the body. The group also measures how well seat belts and air bags protect people. "Good" is the top rating, followed by "acceptable," then "marginal" and "poor."


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Samsung seeks smart watch trademarks in US, SKorea

Written By Unknown on Rabu, 07 Agustus 2013 | 16.30

SEOUL, South Korea — Samsung Electronics Co. has applied for U.S. and South Korean trademarks for a watch that connects to the Internet in the latest sign that consumer technology companies see wearable devices as the future of their business.

Samsung described "Samsung Galaxy Gear" as a wearable digital electronic device in the form of a wristwatch, wrist band or bangle in its July 29 application with U.S. Patent and Trademark Office. A month earlier, it applied for a "Samsung Gear" trademark in South Korea.

The trademark applications did not show the shape of the products. But drawings from a Samsung design patent approved in May show a watch-like design with a flexible screen that curves around the wrist.

The U.S. trademark application said the device will be "capable of providing access to the Internet, for sending and receiving phone calls, electronic mails and messages" as well as "for keeping track of or managing personal information."

The trademark filings in the U.S. and in South Korea show that Samsung is deep in preparations for what tech industry experts expect will be a new generation of mobile technology that dramatically expands the utility of single-function objects such as watches and glasses. The South Korean consumer electronics giant was caught flatfooted by Apple's invention of the smartphone but through what turned out to be a legally risky strategy of imitation was able to capture a dominant share of the global smartphone market within a few years.

Apple Inc. applied June 3 for a trademark in Japan for "iWatch." Industry watchers have long speculated that Apple is working on a smart watch that uses a version of the operating system that powers the iPhone and iPad. The company has not confirmed those rumors but CEO Tim Cook has hinted it may be developing a wearable computing device.

Google Inc. is testing an early version of Internet-connected spectacles called Glass. It uses a small screen above the right eye that displays information and imagery retrieved from the Internet.

The South Korean patent office said the Gear trademark will not be approved this year as it takes seven to eight months to start reviewing applications due to a waiting list. Samsung applied for the South Korean trademark on June 21.

It was not clear if Samsung would use the "Samsung Gear" trademark for a Smart Watch. The trademark application covers 38 possible products including mobile telephones, bracelets, glasses and software interfaces that monitor human vital signs.

South Korea's patent office said in June that Samsung had patented watch designs in which more than three quarters of the device is covered by a flexible display that curves around the wrist. Illustrations showed 'back' and 'home' buttons at the bottom of the screen. Another illustration shows a rectangular screen with an edge that tapers toward the top.

The product is made of metal, synthetic and glass materials, Samsung's patent document said.

Samsung executive vice president Lee Young Hee said in March interview with Bloomberg that the company's mobile division has been working on a smart watch. Samsung declined to confirm the report then.

Company spokeswoman Chenny Kim declined to comment on the patent applications.


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