Monday, April 19, 2010

Fast Food, Tobacco Brought to You by Your Health Care Provider

has an interesting story out talking about how some insurance companies also own parts of fast food companies and tobacco, this is really bizarre as the conflict of interest is written all over it. But when it comes to money, the only way that matter is how much you can make not how you make it. Maybe your health insurance provider is trying to make the food healthier, hard to see that being true in light of the Recent KFC double down.
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.




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