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Health, Life Insurers Hold Billions in Tobacco Stocks
Physicians for a National Health Program [PNHP]
[Opinion] June 4, 2009 Excerpt: A new article on insurance company holdings, published in today's New England Journal of Medicine, shows that U.S., Canadian and U.K.-based insurance firms hold at least $4.4 billion of investments in companies whose subsidiaries manufacture cigarettes, cigars, chewing tobacco and related products.... 'These data raise a red flag about the prospects of opening up vast new markets for private insurers at public expense, as has happened in our state of Massachusetts, whose recent health care reform is often cited as a model for national reform.' MORE >> |
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