Health Insurers Hold $4.5 Billion In Tobacco Stocks


	Health Insurers Hold $4.5 Billion In Tobacco Stocks

BartendingBear

6-7-2009 1:50 AM

250 views

BartendingBear says:

They want you to continue to smoke. Talk about a conflict of interest!

2 Comments |

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6-7-2009 8:52 AM

tabsey

Hypocrisy is just so rife. The power of greed.

6-7-2009 9:39 AM

boniface

It's just like the marijuana issue. Those that want to keep it illegal, are those profiting the most from it being illegal.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f80080b1-d428-4bf8-a7ac-ee61d0f6cb34/64639CAB-3E6B-40EC-BAE3-A24FD5FF26C3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03" href="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03" style="font-size: 11px;">www.scientificamerican.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03">Health and life insurance companies in the US and abroad have nearly $4.5 billion invested in tobacco stocks, according to Harvard doctors.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03">“It’s the combined taxidermist and veterinarian approach: either way you get your dog back,” says <A href="http://www.harvardscience.harvard.edu/directory/researchers/david-himmelstein">David Himmelstein</A>, an internist at the Harvard Medical School and co-author of a letter published in this week’s issue of the <A href="http://content.nejm.org/"><EM>New England Journal of Medicine</EM></A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03">The largest tobacco investor on the list, the 160-year old Prudential company with branches in the US and the UK, has more than $1.5 billion invested in <A href="http://www.scientificamerican.com/article.cfm?id=what-is-third-hand-smoke">tobacco</A> stocks. The runner-up was Toronto-based Sun Life Financial, which apparently holds over $1 billion in Philip Morris (Altria) and other tobacco stocks.  In total, seven companies that sell life, health, disability, or long-term care insurance, have major holdings in tobacco stock</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=health-insurers-want-you-to-keep-sm-2009-06-03"><DIV>“You are less likely to join <A href="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=obama-taps-anti-tobacco-advocate-fo-2009-01-13">anti-tobacco coalitions</A>, endorse <A href="http://www.scientificamerican.com/blog/60-second-science/post.cfm?id=house-to-vote-on-tobacco-regulation-2009-04-01">anti-tobacco legislation</A>, basically, anything most health companies would want to participate in.”</DIV>
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