Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Study: Insurance companies hold billions in fast food stock

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
 
BridgeTheGap Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 09:22 AM
Original message
Study: Insurance companies hold billions in fast food stock
The fast-food industry has long been under fire for selling high-fat, high-calorie meals that have been linked to weight gain and diabetes, but the financial health of the industry continues to attract investors -- including some of the leading insurance companies in the U.S., a new study reports.

According to Harvard Medical School researchers, 11 large companies that offer life, disability, or health insurance owned about $1.9 billion in stock in the five largest fast-food companies as of June 2009.

The fast-food companies included McDonald's, Burger King, and Yum! Brands (the parent company of KFC and Taco Bell). Companies from both North America and Europe were among the insurers, including the U.S.-based Massachusetts Mutual, Northwestern Mutual, and Prudential Financial.

The researchers say insurance companies should sell their fast-food stock or use their influence as shareholders to make fast food healthier, by pressuring big restaurant chains to cut portion sizes or improve nutrition, for instance.

There's a "potential disconnect" between the mission of insurance companies and the often-unhealthy food churned out by companies like McDonald's, they write.

http://www.cnn.com/2010/HEALTH/04/15/insurance.fast.food.stock/index.html
Printer Friendly | Permalink |  | Top
HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 09:25 AM
Response to Original message
1. Well, it's not about health, it's about profits
And if the insurance companies didn't invest in these things, they'd likely be hauled into court for improper handling of their investments...afterall it's that part that makes money for their investors.

It's one of the built in perversions/ironies of Capitalism.
Printer Friendly | Permalink |  | Top
 
global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 09:39 AM
Response to Original message
2. Potential Disconnect - Ya Think!!!!!.....nt
Printer Friendly | Permalink |  | Top
 
LetsgoWings13 Donating Member (144 posts) Send PM | Profile | Ignore Tue Apr-20-10 09:47 AM
Response to Original message
3. that's what you get with the free market
Printer Friendly | Permalink |  | Top
 
Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-20-10 06:25 PM
Response to Original message
4. They make a percentage on medical costs. They like high prices and chronic diseases.
Fast food
-> diabetes/heart disease
-> chronic care over many years
-> Lots of money for hospitals/pharmaceuticals
-> lots of money for insurers
-> Invest in:
fast food.
Printer Friendly | Permalink |  | Top
 
BridgeTheGap Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-21-10 11:59 AM
Response to Original message
5. Sure sounds like a racket to me. n.t
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat May 18th 2024, 12:58 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC