A recent report has claimed that health and insurance firms have an investment of over $1.9 Billion in fast food companies, and apparently the fast-food firms include the likes of McDonald's, Burger King, KFC, and Taco Bell. Now this is irony if there ever was any!
The report has been put together by Harvard Medical School researchers. Good work here! At least we now know that the healthcare and insurance companies are living a secret life. They do not even seem fit enough to be incharge of the health care system anymore!
Why in the world would you invest in something which you know is the leading cause of some of the most devastating chronic illnesses which end up becoming potentially fatal? The whole thing seems very bizarre and the health and insurance sector has now come across a very hypocritical industry. We don't think that the sector has the right to portray itself as a carer of people's health and well being anymore.
"Insurance investing in fast food is a bit like the combination veterinarian-taxidermy office that promises that either way you'll get your pet back. They'll make money off you being healthy (less outlay on their part) or your bad habits (via investments and higher premiums)", said Dr. Wesley Boyd, Senior Author of the Harvard study.
A smart business decision, then? Of course it is! But that does not mean that it is not amoral and just plain wrong on various levels.
One thing which worries in particular is the involvement of insurance companies and their money making motive, especially since now, with the passing of the healthcare bill, their role is definitely going to expand.
We are still waiting to see how insurance companies and healthcare firms will react to the report. We certainly hope there are good enough explanations!
- Allan Swanoski's blog
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