It was interesting to see the AARP strongly support Obamacare despite the fact that Obamacare took money out of Medicare Programs senior citizens depend on and even eliminated Medicare Advantage--one of the most popular Medicare programs. There were rumblings at the time that the end of Medicare Advantage would mean greater enrollment in the AARP's supplemental insurance programs, but no numbers were actually given. Well, that has changed.
Hot Air posted a story yesterday that the AARP will make about $1 billion from the implementation of Obamacare.
The article details some of the findings in a Republican report recently released:
"# Since 2002, income generated from AARP membership dues has increased 32%, or $60 million. However, during this same period, income derived from AARP's business relationships, primarily with insurance companies, has nearly tripled, increasing by $417 million. Royalty payments from for-profit companies comprised nearly 46% of AARP's revenue in 2009, while membership dues totaled just 17% of total revenues.
"# As a result of the new health care law, the Obama Administration estimates more than 7 million seniors will lose their current Medicare Advantage plans, resulting in a massive migration of seniors to Medigap plans. AARP is the nation's leading provider of Medigap plans and has a contract in which AARP financially gains for every additional Medigap enrollee.
"# Based on low, mid and high-range estimates, AARP stands to financially gain, over and above the millions of dollars they currently receive from United, between $55 million and $166 million in 2014 alone as a result of new Medigap enrollees stemming from the health care law's cuts to MA, which AARP strongly endorsed.
"# Under the midrange estimate and under their current contract, AARP's financial gain from the health care law could exceed $1 billion during the next 10 years. This is because AARP will see their royalty payments increase as seniors are forced out of MA plans and buy AARP Medigap plans instead."
The Republicans are asking that the IRS investigate the AARP's tax exempt status. The article notes that the AARP has become a for-profit entity and is no longer entitled to tax-exempt status.
The best thesis writing service offers the best phd thesis writing services for the students. It makes them relax from bundle of academic works.