Health insurers investing in fast food: study

Canadian health insurers had invested almost $2 billion dollars on the fast food industry and two of the main Canadian health insurers contributors would be the Sunlife and the Manulife. On one hand Sunlife owns $27 million of stocks from KFC, Pizza Hut, and Taco bell as research shows. And as for Manulife, they have $146.1 million in fast food stocks and also another $89.1 million in McDonalds stocks. Huge tension has been created between maximizing the insurance company’s profit which is now a controversy with the social interest of public health. On forward, consider how these insurers are investing large amounts of money in the fast food industry while providing the benefits of health care insurance cannot be anymore ironic than it sounds.

From a point of view, these investments from these health insurers is based on a self-interest choice considering how if public health is seen to be a problem more people would associate with these Canadian health insurers. In a way this is contradictory and making these multimillion dollar fast food companies even bigger just gives these health insurers a bad name. Their customers would most likely not have the kind of brand loyalty with these companies like it was in the past and a lot of questioning the ethical business choices of these companies will come up if their investment action goes towards these companies that has nothing to do with society-interest.

http://www.cbc.ca/news/health/story/2010/04/15/health-life-insurance-fast-food.html

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