Today's CNSNews posted an article explaining the financial windfall that will come to the AARP if the current healthcare bill is passed into law.
According to the article:
Reichert has stated, "What we know is that in 1999, their (AARP) total royalties (from gap insurance policies) amounted to 11 percent of their revenue, and today, it's over 60 percent of their revenue, and 38 percent of that revenue comes from their health care royalties, and from United," Reichert said. "I don't want to wildly fling accusations, but I think that there seems to be, and appears to be, a conflict of interest that needs to be investigated a little bit further."
The AARP is hoping that its members won't notice that they are being thrown under the bus in order to increase the profits of the organization. Senior citizens vote and pay attention. I am hoping they will not be fooled.
According to the article:
"Rep. Dave Reichert (R-Wash.) told CNSNews.com that it is possible AARP could benefit financially from the passage of the bill, which includes $500 billion in cuts to Medicare and Medicare Advantage. According to Reichert, if the cuts to the programs result in reduced benefits, more seniors will have to purchase "Medigap" coverage, highly regulated private insurance that fills in holes in Medicare coverage.
"UnitedHealth Group offers Medigap coverage branded with the AARP logo, on which AARP collects royalties."Medicare Advantage is the Medicare program that many seniors choose because it gives them the most freedom and the best care. It is a privately run program (although partially subsidized by the government). If Medicare Advantage is discontinued, more senior citizens will be buying Medigap coverage.
Reichert has stated, "What we know is that in 1999, their (AARP) total royalties (from gap insurance policies) amounted to 11 percent of their revenue, and today, it's over 60 percent of their revenue, and 38 percent of that revenue comes from their health care royalties, and from United," Reichert said. "I don't want to wildly fling accusations, but I think that there seems to be, and appears to be, a conflict of interest that needs to be investigated a little bit further."
The AARP is hoping that its members won't notice that they are being thrown under the bus in order to increase the profits of the organization. Senior citizens vote and pay attention. I am hoping they will not be fooled.
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