This is news to me, yet not the slightest bit surprising: America’s health insurance companies collectively own $1.9 billion worth of fast food company stock. Havard Medical School’s J. Wesley Boyd says:
The insurance industry, ostensibly, appears to be concerned about people’s health and well-being…[But] if the insurance industry is willing to invest in products known to be harmful and/or kill people then, prima facie, this is not an industry that actually cares about health and well-being.
Ya think? Oh, and last June, Boyd was the lead author of a letter to the New England Journal of Medicine that revealed that health insurance companies also owned at least $4.4 billion worth of tobacco stocks. (Via Morford.) Link.