AARP - An enormous racket



If you think this is a non-profit, take a look at what they're pay themselves and the "Taj Mahal" headquarters.





http://noir.bloomberg.com/apps/news?pid=20601110&sid=a9.73eof1qAs


AARP May Get $1 Billion on Health Law...
By Drew Armstrong

March 30 (Bloomberg) -- Seniors lobbying group AARP stands to make as much as $1 billion in the next decade from the health-care law it supported last year...

The nonprofit organization representing people in the U.S. aged 50 and older will profit from the sale of its endorsed Medicare insurance products...

...ask the Internal Revenue Service to examine whether AARP is a for- profit entity...

AARP Lobbying
AARP lobbied for policies that would benefit its bottom line... Cuts to Medicare Advantage, the private version of Medicare run by health insurers, would push more people into the program’s supplemental products such as one provided under AARP’s brand, which offers extra coverage on top of the government’s Medicare program.

AARP spent on first-class travel, NASCAR sponsorship, and resorts...

...the organization wasn’t deserving of its nonprofit status, spent large sums on lobbying, and made a profit on licensed products, such as supplemental health insurance, sold to its members.

...The AARP is one the largest lobbying groups in the U.S., with $1.09 billion in revenue in 2009, according to the most recent available tax documents.

The majority, $657 million, of that revenue is royalties from products licensed by AARP, according to the tax documents. That includes insurance products sold by Minnetonka, Minnesota- based UnitedHealth Group Inc.; New York-based MetLife Inc.; Richmond, Virginia-based Genworth Financial Inc.; and Hartford, Connecticut-based Aetna Inc.

AARP spent $22 million -- the sixth-most of all advocacy organizations -- on lobbying the federal government in 2010...
 
Anything good I ever thought about AARP - and there never was much - vanished forever when the started pimping Obamacare. Supposedly, they are supposed to represent old people, such as me, but Obamacare takes or will take a big gouge out of Medicare, which will have to be made up elsewhere. They say they will make it up through elimination of fraud and waste. That is total bullshit, and I don't believe there is anybody who actually believes it. I don't mean there is no fraud and waste; I mean it is bullshit when the gov. says they will eliminate it. :mad:

So far, all Obamacare has done for me is to increase my insurance premiums by about 80%. Of course, the worst parts haven't kicked in yet. Hopefully, the Reps will take back the Senate and the presidency next year so the travesty can be repealed.
 
I can tell you Liar...

That's not an enormous racket. This is an enormous racket.

http://i320.photobucket.com/albums/nn329/Enmattias/TenChanStatue.png

Translation: I don't know the first thing about the AARP, I just wanted an excuse to post this picture.

... that Lady Liberty has always had a wicked left handed serve but AARP or however many a's it has, has a wicked underhanded serve.

I was first offered magnanamous deals by AARP starting in 1990 and I hold the World Record for never having purchased anything connected with AARP. Hopefully I have many co-record holders. These people are bad news but do things under a quasi-government banner
 
Oh, brother. :D You're still missing her; she posted that a year and a half ago. :rolleyes:

~~~

I am not the first one to overlook a date on a Thread, but you always have been and always will be an asshole, and a worn out one at that.

der amicus
 
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