ALSO NOTED: Caremark beats profit expectations; Molina's results not so good; and much more...

> A Malaysian state-owned investment fund has bought a 13.2 percent stake in Indian hospital company Apollo. Story

> Caremark reports a healthy 53 percent jump in second-quarter net income; the company credits sales of specialty drugs. Release

> California's Insurance Commissioner published the study FierceHealthcare reported on yesterday forecasting bad things to come for the state's healthcare system. Study (pdf)

> It's not great for all health plans: Medicaid managed care provider Molina Healthcare reported disappointing results and investors say they plan to sue. Story

> With air ambulance services growing increasingly popular, a new niche player is on the prowl in the industry -- the airborne ICU. Story

> Following a scandal of overpayments to hospitals, Ohio will be cutting its workers comp payments. Story

> Controversy looms following a New England Journal of Medicine sleepiness-drug study. Story (Wall Street Journal sub. req.)

>  Snoopy? No, actually it's Snuppy. Korean scientist Hwang Woo Suk's team announced the cloning of an Afghan hound yesterday. Story (Wall Street Journal sub. req.)

> A new ultrasound test developed in the UK looks for early warning signs of Down's Syndrome. Story

> A group of Connecticut physicians has sued UnitedHealth saying the plan is unfairly forcing them to treat patients. Story

And Finally... In a dispute with your health plan? Kaiser Family Foundation and the Consumers Union have a report telling you what to do. Release