Last year, AARP backed ObamaCare knowing full well that millions of seniors would suffer. Why? To protect its profits. Now, the AARP lobby is inserting itself into the Washington debt ceiling debate:
The AARP, formerly the The American Association of Retired Persons, sent U.S. senators a letter last week asking them to oppose any increases in Medicare copayments. But the self-described pro-senior group hasn’t acknowledged that it has a financial stake in the debate’s outcome.
What’s at stake? One money-saving idea proposed involves Medigap. Specifically, Medigap plans would no longer cover seniors’ Medicare copayments. Why does AARP care?
The AARP collects 4.95 percent of every dollar United HealthCare takes in from AARP members’ Medigap plan premiums. Not allowing Medigap plans to cover seniors’ Medicare copayment costs is a disincentive for AARP members to continue purchasing the supplemental coverage.
AARP is essentially an insurance company disquised as an advocacy group. So its powerful lobby is working overtime to protect its profits without disclosing to Congress or its members the real motivation—money.
These people are grifters.
[ht Paul Hsieh]
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