On Rachel tonight.......ah where the HELL IS AARP??? Really.....

[IrishBubbaLiberal]

25. AARP Overcharges SENIORS, and pockets a percentage worth about $1B a year royalties

https://insuredandmore.com/is-aarp-owned-by-unitedhealthcare

How much money does AARP get from UnitedHealthcare? Under the AARP brand, UnitedHealth has been offering Medicare Advantage health benefits and Medicare Part D drug benefits since 1997. AARP receives a 4.95% fee for each plan sold and has received over $4 billion to date.

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https://www.bizpacreview.com/2021/12/04/effectively-overcharges-seniors-aarp-rakes-in-record-profits-selling-brand-royalties-but-members-suffer-1171310/


‘Effectively overcharges seniors’: AARP rakes in record profits selling brand royalties, but members suffer

The American Association of Retired Persons (AARP) raked in massive profits in 2020, mostly from royalties on branded health insurance policies, not memberships, according to company financial documents.

AARP’s 2020 Form 990 shows that the company recorded $1.6 billion in revenue with roughly $1 billion, or over 60%, coming from royalty revenue. Meanwhile, membership dues contributed under 20% of overall revenue.

“It charges so little for membership because it makes most of its money selling products to its members and taking a percentage of the cut — starting with insurance products sold by UnitedHealth,” Juniper Research Group Founder and Chief Executive Chris Jacobs told the Daily Caller News Foundation.

The House Ways and Means Committee investigated AARP in 2011, which was submitted to the Internal Revenue Service. The report highlighted key issues with AARP’s structure, specifically its royalty fee.


…. “The organization’s business effectively overcharges seniors who purchase insurance coverage from the organization — including Medicare supplemental policies, called Medigap insurance — to fund its own operations,” Juniper Research Group Founder and Chief Executive Chris Jacobs wrote in an August 2020 American Commitment report.