Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

How the AARP Made $2.8 Billion By Supporting Obamacare's Cuts to Medicare
forbes ^ | 9/22/12 | avik roy

Posted on 09/23/2012 7:59:22 PM PDT by Nachum

As you know if you’ve been reading this blog, Obamacare cuts $716 billion from Medicare in order to pay for its $1.9 trillion expansion of coverage to low-income Americans. It’s one of the reasons why seniors are more opposed to the new health law than any other age group. So why is it that the group that purports to speak for seniors, the American Association of Retired Persons, so strongly supports a law that most seniors oppose? According to an explosive new report from Sen. Jim DeMint (R., S.C.), it’s because those very same Medicare cuts will give the AARP a windfall of $1 billion in insurance profits, and preserve another $1.8 billion that AARP already generates from its business interests.

(DISCLOSURE: I am an outside adviser to the Romney campaign on health-care issues. The opinions contained herein are mine alone, and do not necessarily correspond to those of the campaign.)

(Excerpt) Read more at forbes.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: aarp; aarppayout; medicare; obamacare; obamacares

1 posted on 09/23/2012 7:59:28 PM PDT by Nachum
[ Post Reply | Private Reply | View Replies]

To: Nachum

AARP is an insurance company. It no longer represents anyone except the management and directors.


2 posted on 09/23/2012 8:08:10 PM PDT by RetiredTexasVet (God is a victim of identity theft by annointed progressive academics and intellectuals)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

IMH0-

Healthcare is way overrated and overpriced.

Better to live a full life and then leave it than to drag on, eaking your last farthing out and gaining nothing ultimately..

I know seniors taking so many different meds they don’t know what is doing what.

Horseshit- take your threescore and ten or fourscore and go live with your Maker. Relying on “pharmakeia” is un-Scriptural, again, IMHO.


3 posted on 09/23/2012 8:09:51 PM PDT by One Name
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

I thought AARP was non profit. Whether it is or isn’t, “who” gets the money?


4 posted on 09/23/2012 8:18:31 PM PDT by Terry Mross (The Clintons seem to be very afraid of obama. Do they owe him their souls?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Well at least a member of the campaign came out with what AARP stanmds to gain backing Commiecare...Meanwhile mainlining socialist media are still inoculating their coverage with the boos and hisses Ryan got when he addressed that phoney group


5 posted on 09/23/2012 8:20:25 PM PDT by mosesdapoet (The best way to punish a - country is let professors run it. Fredrick the Great para/p)
[ Post Reply | Private Reply | To 1 | View Replies]

To: One Name

I wouldn’t use meds to prolong my life, but I don’t have much problem using meds to kill my physical pain so I can have a more quality life, while I am living.


6 posted on 09/23/2012 8:32:49 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: berdie

later


7 posted on 09/23/2012 8:48:24 PM PDT by berdie
[ Post Reply | Private Reply | To 1 | View Replies]

To: RetiredTexasVet

AARP is an insurance company. It no longer represents anyone except the management and directors.


AARP IS NOT AN INSURANCE COMPANY.

AARP IS AN INSURANCE AGENCY LICENSED BY THE STATE TO SELL THE INSURANCE PRODUCTS OF THE INSURANCE COMPANIES THAT AARP IS CONTRACTED WITH.

THEY ALSO OFFER OTHER PRODUCTS FOR WHICH THEY ARE PAID FEES OR COMMISSIONS TO MARKET TO THE SENIOR MARKET.


8 posted on 09/23/2012 8:55:11 PM PDT by LaMudBug
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

The R/R campaign needs to counter these lying Rat ads running nonstop on my TV of an old lady asking her son for advice about all the scary talk of losing her Medicare. Of course he advises her to vote for 0bama who will protect her from the evil Romney.


9 posted on 09/23/2012 9:11:18 PM PDT by shove_it (DNC = perpetual emotion machine)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LaMudBug

Doesn’t AARP own United Healthcare? Making it both an agent and an insurer?


10 posted on 09/23/2012 9:18:27 PM PDT by tinamina
[ Post Reply | Private Reply | To 8 | View Replies]

To: shove_it

My 92 year old mother just got a notice that her pension from Goodyear will no longer be paying for her secondary or dental insurance. They have been taking out deductions for this insurance for many years. Now I am going to have to find other insurance for her. I am tearing out my hair.


11 posted on 09/23/2012 9:34:49 PM PDT by Irish Eyes
[ Post Reply | Private Reply | To 9 | View Replies]

To: One Name

I agree. People seem to think they can cheat death by having as many tests and treatments done to them as they can find. No, I am not in favor of Obama-no-care, but we are being sold way too many medical interventions that often cause more harm than good. We need to become more informed health care consumers.

You would like the book, Rethinking Aging, by Dr. Nortin Hadler.


12 posted on 09/23/2012 9:40:44 PM PDT by Pining_4_TX ( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Nachum

The AARP deserves wide spread exposure and ridicule for they way they deceive and defraud trusting seniors.


13 posted on 09/23/2012 9:45:53 PM PDT by Baynative
[ Post Reply | Private Reply | To 1 | View Replies]

To: tinamina

AARP Services, Inc is a for-profit company that sells healthcare insurance, among many other services. AARP Foundation is a nonprofit that basically lobbies for the interests of AARP Services.


14 posted on 09/23/2012 10:24:07 PM PDT by Kirkwood (Zombie Hunter)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Nachum

I was an AARP member, until they stated in their own magazine, that they were in favor of Obamacare. I removed myself from their rolls, much to the chagrin of the CSR’s question as to “why”. I told the CSR, that I do not support any Communist programs in this country. The CSR got off on a tirade, to where I had to remind them, that i was told that this was a recorded telephone call, and that they had better look out for their boss, who I was sure, had been listening to the conversation.


15 posted on 09/23/2012 10:56:38 PM PDT by Terry L Smith
[ Post Reply | Private Reply | To 1 | View Replies]

To: Pining_4_TX; One Name; Jonty30

Make that a “crowd” (3). Ditto on the pain meds, jonty30.


16 posted on 09/23/2012 11:58:07 PM PDT by KGeorge
[ Post Reply | Private Reply | To 12 | View Replies]

To: Nachum

Not a member and will never be a member of AARP.

Question - Did any AARP members receive any of those funds?

Or just the head honchos and the Democratic Party??


17 posted on 09/24/2012 1:06:33 AM PDT by 56newblog (Registered Islamophobe)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RetiredTexasVet

“It no longer represents anyone except the management and directors.”

IT NEVER DID!!!!


18 posted on 09/24/2012 1:28:02 AM PDT by dalereed
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

A pro-0bama campaign ad running here calls the AARP “non-partisan”!


19 posted on 09/24/2012 3:35:28 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Terry Mross

I thought AARP was non profit. Whether it is or isn’t, “who” gets the money?


Non profit is a misnomer. Non profit businesses make huge amounts of money just like any other corporation but are restricted from investing their profits into any other business than their own via stock or otherwise.

However, they are totally unrestricted in THEIR organization if giving any amounts of money they wish to their employees or contractors.

With AARP the actual “non-profit” profits are HUGE and management is diving into the money pile just like Scrooge McDuck.

Pretty neat, huh?


20 posted on 09/24/2012 4:48:30 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Irish Eyes
My 92 year old mother just got a notice that her pension from Goodyear will no longer be paying for her secondary or dental insurance.

If the issue is dental and not medical, it's a well-defined problem, and not nearly as expensive as a gap in medical coverage. Dental insurance is mostly a pre-paid dental plan with a very small insurance component, often capped at $1000.

I remember when it didn't matter much whether you had dental insurance or just went to the dentist and paid. Roughly 20 years ago, dental insurance became a standard job benefit, and the dental insurers reached a critical mass where dentists had to work with them. When that happened, the listed rates for regular dental care, like cleaning and xrays, went up by 30 to 50% over a short period, perhaps 2 or 3 years.

It's a lot like the medical situation--if you are in a "club", meaning a dental plan, the rates didn't jump, but the insurance company deal insisted that there be a discount from the uninsured rate. So, you were forced to have dental insurance if you didn't want to pay outrageous rates.

The analogy to medical insurance is clear: All insured rates are far lower than the listed rates. The medical industry lies in wait looking for the ordinary customer whose insurance has lapsed and who also has some money, so they can loot it. It's highly predatory behavior, because in medicine, if your insurance has lapsed, you become a charity case.

21 posted on 09/24/2012 5:40:33 AM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 11 | View Replies]

To: Nachum

taking women’s rights away

https://www.youtube.com/embed/6e3udzHIiVs?feature=player_detailpage

But taking my rights away to have testing because of age is unconscionable.


22 posted on 09/24/2012 6:08:41 AM PDT by GailA (IF U will not keep your promises to the Military, U won't keep them to the public)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DH

So, now my question is who hires them and who sets their salaries?


23 posted on 09/24/2012 9:21:42 AM PDT by Terry Mross (The Clintons seem to be very afraid of obama. Do they owe him their souls?)
[ Post Reply | Private Reply | To 20 | View Replies]

To: LaMudBug

An insurance agency instead of an insurance company .... I still won’t join and will continue returning their post-paid envelopes with religious tracts.


24 posted on 09/24/2012 1:31:47 PM PDT by RetiredTexasVet (God is a victim of identity theft by anointed progressive academics and intellectuals)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Pearls Before Swine

Thank your for the reply. My mother was paying some and Goodyear was paying some through my Dad’s pension. Goodyear is stopping this as of 12-31-12. They are telling us to go through a company called Extend Health to help in making a decision.

She has Medicare A and B. Will need secondary and dental and Rx insurance. Goodyear has said that they will re-imburse some of the cost.


25 posted on 09/24/2012 5:44:59 PM PDT by Irish Eyes
[ Post Reply | Private Reply | To 21 | View Replies]

To: KGeorge; Pining_4_TX; Jonty30

I rely on beer, hot peppers and occasional OTC pain relievers.

I about cranked myself in half this spring busting a leaf spring assembly loose (rusted old crap) pushing with one leg and cheater bar on the opposite side.

Rotated my sacroliliac joint (I didn’t know it WAS a joint) and pinched the nerves off to my right leg.

Thought it was sciatica. As my leg increasingly paralyzed and convulsed I was happy to take prescription painkillers- although they only masked what was really going on. An astute physical therapist fixed it in two sessions.

Lesson- $10 worth of bolts vs $500 worth of treatment and $thousands in pain and lost time. The torch is now my best friend on old rusty crap.


26 posted on 09/24/2012 8:18:21 PM PDT by One Name
[ Post Reply | Private Reply | To 16 | View Replies]

To: One Name

Owwwch. I’m glad you’re better! Those. Hurt. I take a 325 aspirin a day, but other than that, I never take anything. Prescrip painkillers hate me. I invariably throw up, so I avoid that like the plague. My big panacea is my heating pad. It works!

That’s about how it goes with “elbow grease” & karate mechanics. I don’t know WTH happened. I used to do the same stuff all the time. Now it’s work a day, hobble or lay around for 2 to 3.


27 posted on 09/25/2012 4:06:54 PM PDT by KGeorge
[ Post Reply | Private Reply | To 26 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson