Thursday, April 15, 2010

Insurance Companies Invested in Fast Food Stocks


A new article published today in the American Journal of Public Health shows that U.S., Canadian and European insurance firms hold $1.88 billion of investments in fast food companies like Jack in the Box, McDonald's, Burger King and Wendy's/Arby's Groups. Both Health Insurers and Life Insurers have substantial holdings in these companies.

One just needs to read "Fast Food Nation" or watch the documentary "Food, Inc." to understand the negative impact of processed foods on the health of our country. The evidence is so compelling that the new Health Reform legislation is requiring fast food and chain restaurants to disclose calorie counts on their menus. Ironically, the new legislation will also add millions of customers to the health insurers.

The authors of the study write, "The health bill just enacted in the Washington will likely expand the reach of the insurance industry. Canada and Britain are also considering further privatization of health insurance. Our article highlights the tension between profit maximization and the public good these countries face in expanding the role of private health insurers. If insurers are to play a greater part in the health care delivery system they ought to be held to a higher standard of corporate responsibility."

It is going to be up to each of us, individually, to make choices about health. Don't expect corporations to do the right thing.

15 comments:

commercial insurance said...

You are right Toni Brayer processed foods really have very bad health effects and it leads to number of health problems yea health and life insurance should be taken as it helps in bad times but i think people should be aware about their consumption of such foods and eat healthy

Insurance Quotes said...

Yes about $1.9 billion in stock in the five largest fast-food companies. This research is done by Harvard Medical School.

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oh this is excellent, first they sell you a life insureance and now they invest in something that kill us in quick way, this is the perfect business circle, sell life and dead to the same time.

Insured Insurances said...

processed food are a hell to health...at such times insurances are faith healers!!!

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