Health Insurance Investment, Where Did You Go?


Who thought, that insurance companies engaged in the field of health and life insurance in the United States, Canada, and England, is investing billions of U.S. dollars in the company's cigarettes. Therefore according to a report of a study published in the medical science journals, The New England Journal of Medicine.

Wesley Boyd, the study's main author, to find at least 4.4 billion U.S. dollars of funds invested in insurance companies companies related to the product of cigarettes, cigars, and chewing tobacco (chewing).

"Even though the doctor has requested this company to exit from the cigarette business, but they still take advantage on people's health," said Boyd, the teaching staff at Harvard Medical School. "It was clear, their main priority is to make money, not to maintain health," he written.

Tobacco is considered as the main cause of lung cancer and main risk factors for heart attack, stroke, lung disease, and cancer. According to the World Health Organization, tobacco participate in contributing 5.4 million deaths per year.

About insurance companies that invest in the cigarette industry, is actually not new news. Earlier in the year 1995 it has been reported in a British health journal, Lancet.

"Although investing in a cigarette company, while selling life insurance or health, may appear shamed themselves, but can pluck a large profit from the second it was more important for the company," Boyd wrote.

"Insurance does not include protection for smokers, or they charged a high premium. Insurance hit-and loss-smokers twice more," Boyd firm.

Based on the Boyd report, the U.S. insurance company, Prudential Financial Inc., has 264.3 million U.S. dollars in investment between the three U.S. cigarette companies, including Reynolds America and Philip Morris. Meanwhile, the Canadian insurance company, Sun Life Financial Inc., which sells life insurance policies, disability insurance (disability), health insurance and have a stock portfolio with a value of more than one billion U.S. dollars in the two cigarette companies, including 890 million U.S. dollars in Philip Morris.

Prudential Plc, which sells health insurance policy and disability insurance, has a 1.38 billion U.S. dollars in the two cigarette companies, including British American Tobacco (BAT). Study also breaks down the large investment in the company's cigarettes to U.S. insurance company, Northwestern Mutual and Massachusetts Mutual Life, and Scottish companies, Standard Life Plc.