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Oct 29, 2009
This is Dan Eggen, writing in The Washington Post:
The group and its subsidiaries collected more than $650 million in royalties and other fees last year from the sale of insurance policies, credit cards and other products that carry the AARP name, accounting for the majority of its $1.14 billion in revenue, according to federal tax records. It does not directly sell insurance policies but lends its name to plans in exchange for a tax-exempt cut of the premiums.
Democratic proposals to slash reimbursements for another program, called Medicare Advantage, are widely expected to drive up demand for private Medigap policies like the ones offered by AARP, according to health-care experts, legislative aides and documents.
5 Responses to “Why AARP is Selling Out Seniors”
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Helium
October 29th, 2009 at 10:32 am
Thanks for posting this. The AARP officials probably belong in jail
October 29th, 2009 at 10:44 am
AARP is selling out seniors because they are venal, money grubbing, dishonest thieves.
There, I got to the point much more succinctly than you did.
October 29th, 2009 at 11:13 am
I thought tax law forbids non-profits from engaging in unrelated businesses activities. If there were no other firms willing to sell Medigap policies to seniors, AARP might have a valid claim to providing a service for its members. But merely branding a third-party’s products (for profit) should be considered an unrelated business.
October 29th, 2009 at 11:38 am
Den of thieves.
November 12th, 2009 at 8:54 pm
I have been a member of AARP for 20 years. No longer. They are only in it for the bucks and could care less about Seniors. I love the Medicare Advantage plan I have with Humana. I hope all Senior Citizens will cancel membership in this money grubbing company.