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.
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?"
Health insurers want you to keep smoking, Harvard doctors say
(Image: cigarette, a Creative Commons Attribution photo from SuperFantastic's Flickr stream)
[AXIOS on HBO: President Trump Exclusive Interview (Full Episode) | HBO] “We’re last…meaning we’re first.”
Two people working on Kanye West’s presidential campaign are Republican party men, reports New York Magazine.
“We will be suing in Nevada. And that’s already been taken care of, we’ll probably file something tomorrow,” he said during a White House briefing.
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