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)
I don’t think Stewart’s ever been in finer form, and his “I’ve been living in a cave”/Transmet schtick plays well with Colbert’s own persona.
In an epic Twitter tear, Clay Shirky addresses white liberals who are horrified by the rise of Trump and reminds them that “Trump IS the voice of angry whites. He wasn’t on stage because he has unusual views. He was on stage because he has the usual ones, loudly.”
Democratic Presidential nominee Hillary Clinton announced on Friday afternoon that her running mate will be Senator Tim Kaine of Virginia.
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