Missouri Minute: Peabody cites creditor support for bankruptcy exit plan; Insurance delays slow physician care

Here are today’s top business headlines from across Missouri:

Peabody cites creditor support for plan to restructure, exit bankruptcy

Peabody Energy, the country’s largest coal producer, said on Thursday its main creditors support a plan to wipe more than $5 billion of debt from its balance sheet and exit this year’s largest energy-related U.S. bankruptcy. Read more

Survey of St. Louis doctors finds insurance delays have gotten worse, hurting care

A recent survey of physicians in the St. Louis area found that their offices are facing longer delays and more severe restrictions for certain procedures and medication due to insurance companies’ pre-certification or prior authorization requirements. Read more

KCRise Fund makes two new local investments

The KCRise Fund made venture capital investments in Kansas City-area startups PEQ and Dunami. The investments now give the KCRise Fund four portfolio companies, adding PEQ and Dunami to earlier investments in SpiderOak and Innara Health. The KCRise Fund now has committed more than $2 million of investments in local companies. Read more

Showdown over Medicaid looms for Missouri Legislature

Medicaid is expected to be the focus of a major battle in the Missouri Legislature’s session that starts next month. Close to one in six state residents receive benefits from the federally subsidized program. Read more

Shoppers pack stores for last-minute holiday rush

Shoppers on the hunt for last-minute gifts are packing St. Louis area stores and malls, but some of them are finding ways to avoid long lines and save time. Taking advantage of a service more retailers are offering this season, customers are ordering merchandise online, then picking it up near store entrances. Read more

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