Harvard Medical School researchers blasted insurance companies for their investments in fast food companies in study published Thursday in the American Journal of Public Health. The report found U.S., Canadian and European health and life insurance companies together held nearly $1.9 billion in stock in the five leading fast-food companies — 2.2 percent of their total holdings, according to Time.
From the Wall Street Journal Health Blog:
Why should we care whether a life or health insurer invests its money? “They’re profiting directly off the people who eat fast food, and if that leads to obesity or cardiovascular disease, they’ll charge you more for premiums if you have some of those conditions,” says [study author Wesley C.] Boyd. “They’re making money in either case.”
The researchers urged the companies to divest from the fast food companies or to use their clout as investors to advocate for healthier menu items and a changes in marketing practices. Insurance companies disputed the accuracy of the researchers’ numbers, according to the Wall Street Journal.


