The Health Insurance Blog

Who would know that life and health insurance company in the USA, Canada and UK having billions of dollars of investment on cigarrete industry, recently published in medical journal, The New England Journal Medicine.

Wesley Bond, the write, found that at least 4,4 billions dollars of those insurance company fund were invested in company that related with cigarrette, cigar, and chew tobacco.

“Although all this time, insurance industry had been ask to step out from tobbaco industry by docters and others, insurance keep put their profit above people healths” says Boyd, one of the teaching staff in Harvard Medical School.

” It is obvious that their priority are making money, not keeping people healthy”.

Tobbacco are consider the main cause for lung cancer and prime factor for liver disease, stroke, lung disease, dan cancer.

According to World Health Organization, tobbacco are one of the main factor that donate more than 5,4 millions death per year.

First researcher say that, life and health insurance having huge investment in cigarrette company in 1995 in a england medical journal, Lancet. “Although investing in cigarrette industry, while selling life insurance and health insurance may seems defeting them self, but insurance company already taking steps to take profit in both industry, said Boyd.

“Insurance are not cover for smokers or, general, they having higher premium. Insurance profit, and smokers lose, twice more”

According to study, Prudential Financial Inc USA having 264,3 million US Dollar investment between 3 largest USA cigarrette company, including Reynolds America and Phillip Morris.

Canadian Insurance company, Sun Life Financial Inca, who sold life insurance policy, disability insurance and health insurance having stock portfolio more than one billion dollar US in 2 cigarrette company, including 890 million dollar US in Phillip MOrris.

Prudesntial Plc, who sold health insurance and disability insurance, having 1,38 billion dollar US in 2 cigarrette company including British American Tobacco.

Study also detailed large investment in cigarrete from USA insurance company, Northwestern Mutual and Massachusetts Mutual Life, and Scotland company, Standard Life Plc.

It’s look like that people in Pennsylvania must prepare them self to grasp their pocket deeper if want to stay smoking. Because Gov. Ed Rendell’s had push the Legislative to cover all Pennsylvania resident through cigarette tax. (more…)

Yes! At last someone do some action to those smokers! After all, it’s for their own sake, right? I think that can be a good shock therapy for other company. Beside, by stopping that unhealthy habit can give a advantage for them self. What? Of course the low health insurance premium that they can get.

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