Movers and Shakers January 14, 2011
Frank joins Tomlinson North Idaho Sotheby's International Realty
Laurie Frank, of Coeur d'Alene, has joined Tomlinson North Idaho Sotheby's International Realty as a real estate agent specializing in resort properties and second homes.
Frank, who started this month, has been working in real estate for seven years. She previously was with Coldwell Banker Schneidmiller Realty.
Sotheby's focuses on the luxury real estate market.
Rosen joins L.P. Link and Associates Inc. as real estate agent
Joe Rosen, of Rathdrum, has joined L.P. Link and Associates Inc. as a real estate agent focusing on investment properties.
L.P. Link is located at 7600 N. Government Way, in Dalton Gardens.
Rosen, a native of Coeur d'Alene, said he has been active in real estate for 25 years. His family has a long history in the area, including ownership of the Fish Inn in the late 1940s.
He joined L.P. Link in November.
Nelson joins Contractors Northwest Inc. as director of marketing
Lori Nelson has joined Contractors Northwest Inc., of Coeur d'Alene, as director of marketing.
Nelson is a graduate of the University of Idaho with a degree in marketing.
She has more than 20 years of marketing and communications experience and has worked in industries such as regional manufacturing and worldwide distribution and sales.
In addition to spending many years with a local advertising agency early in her career, she has worked most recently for a regional paint manufacturer-retailer as its director of marketing.
Retirees invited to 'financial
straight talk' lunch and learn
Wardian Wealth Management, of Coeur d'Alene, is sponsoring a free "financial straight talk" seminar and lunch for area retirees at 11 a.m. Thursday, Jan. 20.
The event will be at the Best Western Coeur d'Alene Inn.
Attendees will learn about a money management approach that tracks leading economic indicators to identify when to shift investments between stock, bond funds, or money markets.
This approach would have taken you out of stocks in January 2008.
Also, attendees can learn strategies for dealing with IRA's, tax reduction, and other financial retirement issues presented by investment advisor representative Pat Wardian.
Attendees are being asked to RSVP in advance by calling: (208) 664-8980.
Idaho to collect $750,000
in drug pricing settlement
Prescription drug manufacturers Warrick Pharmaceuticals Corporation and Schering-Plough Corp., now known as Merck & Co., Inc., have agreed to pay the state of Idaho $750,000 in a legal settlement resolving Idaho's claims relating to the "average wholesale prices" reported by the companies, Idaho Attorney General Lawrence Wasden said Thursday.
Idaho Medicaid provides health care services, including prescription drugs, to low-income Idahoans. By law, Idaho Medicaid must reimburse pharmacies at the "estimated acquisition cost" of the drug. Idaho Medicaid primarily uses "average wholesale price," as reported by drug manufacturers, as a basis for determining this amount.
If the manufacturer reports an inflated or false average wholesale price for a drug, taxpayers can pay too much for that drug through Medicaid reimbursements.
For example, the pharmaceutical product Albuterol, manufactured by Warrick, had a published average wholesale price of $1.259 in 2003, but Wasden's investigation revealed an actual average wholesale price of $0.25 in 2003. This resulted in a 405 percent difference between the published price and the actual price.
"Where published prices are false or misleading, the taxpayers are significantly harmed by excessive Medicaid reimbursements," Wasden said.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.