Health insurers around the world collectively hold $4.5 billion worth of tobacco industry stock, according to a new study. The Consumerist has great highlights on the story, including this killer quote from the study's co-author, David Himmelstein, "[It's] the combined taxidermist and veterinarian approach: either way you get your dog back." Also: Toronto's Sun Life financial lied and said it didn't have any tobacco stock -- it has over $1 billion.
Health insurers want you to keep smoking, Harvard doctors say
Why is it a big deal? "If you own a billion dollars [of tobacco stock], then you don't want to see it go down," says Himmelstein, "You are less likely to join anti-tobacco coalitions, endorse anti-tobacco legislation, basically, anything most health companies would want to participate in."...
But with $4.5 billion still invested in Big Tobacco, many insurers are reaping profits from a cancer-causing industry. As Himmelstein puts it, "Is this who we want running our healthcare system?"
(Image: cigarette, a Creative Commons Attribution photo from SuperFantastic's Flickr stream)
It’s been just over a year since Jeremy Corbyn won the UK Labour Party leadership race with the biggest margin in history — an avowed socialist who would reverse the party’s years of special gifts to the UK’s legendarily corrupt finance sector, fight mass surveillance, pull out of secretive trade deals — a frugal man […]
This wonderful little video by Randy Olson lays out one argument for why as a public political speaker, Donald Trump is perceived to be such a crowd-pleaser, and Hillary Clinton gets weaker scores. It’s all about narrative design.
Part of an ongoing series by weird chart-maker Scott Bateman; link to today’s edition.
If you own a dog, you’ve most likely heard of BarkBox – the monthly subscription box for dogs. What started as a simple idea to try out the subscription model on pet owners has since developed a cult following of dog lovers. If you haven’t given it a try yet, this one month free deal is the […]
With the iPhone headphone jack having gone by the wayside, we’re excited about the addition of the FRANKLIN Bluetooth Headphones in our store. These headphones are foldable so they’re easy to carry around, but most importantly, they pack impressive sound. Our biggest struggle with Bluetooth headphones is the worry of them dying at the worst moment. This pair lasts an impressive 8-10 […]
Evan Kimbrell, founder of the digital agency Sprintkick, recently released a series of online courses that feature some of the best advice we’ve come across. These courses are well worth your time, and will save you from making many typical mistakes down the line if you ever want to start your own business.With this Business […]