{"id":642,"date":"2011-04-01T13:26:31","date_gmt":"2011-04-01T17:26:31","guid":{"rendered":"http:\/\/www.wb4eje.com\/?p=642"},"modified":"2011-04-01T13:26:31","modified_gmt":"2011-04-01T17:26:31","slug":"aarp-stands-to-reap-huge-profits-from-obamacare","status":"publish","type":"post","link":"https:\/\/www.n4rfc.com\/?p=642","title":{"rendered":"AARP stands to reap huge profits from Obamacare"},"content":{"rendered":"

During the Obamacare debate, I couldn’t understand why AARP would roll over on it’s membership and support a government take over of the nation’s healthcare system.\u00a0 All along in the back of my mind I figured it had to do either with a political advantage to be had, or money.\u00a0 It turns out that it was money.<\/p>\n

The AARP stands to benefit to the tune of about $1 Billion over the next 10 years selling gap insurance coverage for senior citizens.\u00a0 In a report<\/a> from the House Ways and Means Committee titled “Behind the Veil:\u00a0 The AARP that America Doesn’t Know” are details of the potential revenue gains for the AARP.<\/p>\n

Here are a couple of highlights:<\/p>\n

AARP’s revenue comes from royalty payments from insurance companies, membership dues, publication advertising, and government grants.<\/p>\n

Since 2002 AARP revenue from membership dues has increased 32% to $60 million.\u00a0 During the same period income from royalties from insurance companies has increased 300% to $417 million.<\/p>\n

As a result of Obamacare 7 million seniors will lose their current Medicare Advantage plans causing seniors to migrate to Medigap plans.\u00a0 Guess who is the largest provider of these plans?\u00a0 AARP.\u00a0 (That wasn’t a really hard one to guess was it?)<\/p>\n

AARP received $97 million in government grants.<\/p>\n

AARP is a tax exempt corporation.\u00a0 As a result of this information on AARP’s profits from royalties, their tax exempt status is being questioned by the congress.<\/p>\n

$97 million in government grants, and they are bringing down millions each year in revenue from the insurance companies?\u00a0 I think I see $97 million that can be cut from the US budget!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

During the Obamacare debate, I couldn’t understand why AARP would roll over on it’s membership and support a government take over of the nation’s healthcare system.\u00a0 All along in the back of my mind I figured it had to do either with a political advantage to be had, or money.\u00a0 It turns out that it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-642","post","type-post","status-publish","format-standard","hentry","category-political"],"_links":{"self":[{"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/posts\/642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=642"}],"version-history":[{"count":2,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/posts\/642\/revisions"}],"predecessor-version":[{"id":644,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=\/wp\/v2\/posts\/642\/revisions\/644"}],"wp:attachment":[{"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.n4rfc.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}