It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Here’s how it works. AARP isn’t your every-day citizens’ advocacy group. The AARP is also one of the largest private health insurers in America. In 2011, the AARP generated $458 million in royalty fees from so-called “Medigap” plans, nearly twice the $266 million the lobby receives in membership dues.
Medigap plans are private insurance plans that seniors buy to cover the things that traditional, government-run Medicare doesn’t, like catastrophic coverage. Medigap plans also help seniors eliminate the co-pays and deductibles that are designed to restrain wasteful Medicare spending…ObamaCare’s cuts to Medicare Advantage will drive many seniors out of that program, and into traditional government-run Medicare, which will increase the number of people who need Medigap insurance.....
AARP Makes $2.8 Billion Off Of ObamaCare
The ranking senator on Congress’ Joint Economic Committee sent an Oct. 4 letter to President Barack Obama in response to his references to the America Association of Retired People (AARP) and its support of his positions in the Oct. 3 presidential debate.
“During your debate with Governor Romney last night, you criticized Medicare premium support proposals as leaving seniors ‘at the mercy of insurance companies,’ while trumpeting AARP’s endorsement of Obamacare,” wrote Sen. James W. DeMint, the senior Republican on the JEC and a leading member of the chamber’s Tea Party Caucus.
“However, as I outlined in a recent report about AARP, entitled ‘Profits Before Principles’” the evidence is clear that Obamacare places seniors at the mercy of one organization — AARP itself,” he said.....
... DeMint suspects a quid pro quo, where AARP worked to support the passage of PPACA and in exchange, and his re-election, Obama wrote in the special provisions that protect both their profits and their otherwise illegal practices, he said.
“HHS Secretary Sebelius has been very quick to attack other insurers’ practices, but has not dared criticize AARP – even though AARP’s insurance business is more profitable than many other insurance companies,” he said.
DeMint: Obama, AARP partners in hurting seniors