AARP gets $500 million kickback for insurance endorsements, spends it on brass and marble headquarters, not on the members

Mon, 12/29/2008 - 7:36am — DCblogger

AARP’s Stealth Fees Often Sting Seniors With Costlier Insurance

The group, formerly called American Association of Retired Persons, collects hundreds of millions of dollars annually from insurers who pay for AARP’s endorsement of their policies.

The insurance companies build the cost of these so-called royalties and fees, which amounted to $497.6 million in 2007, into the premiums they charge AARP members, according to AARP’s consolidated financial statement for that year.

AARP uses the royalties and fees to fund about half the expenses that pay for activities such as publishing brochures about health care and consumer fraud -- as well as for paying down the $200 million bond debt that funded the association’s marble and brass-studded Washington headquarters.

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What's wrong with them?

By lambert on Mon, 12/29/2008 - 8:28am

They're Villagers, that's what's wrong with them.

As I keep saying: It's all about the fees, baby!

—

"First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi

"Now is not the time to stoke that anger"

By vastleft on Mon, 12/29/2008 - 8:49am

http://www.correntewire.com/aarp_is_teh_...

Now is precisely the time!

By admin_lambert on Mon, 12/29/2008 - 9:51am

Translation: Lay back and enjoy it!

better headline

By DCblogger on Mon, 12/29/2008 - 9:49am

thanks, I can't write a good headline to save my life

A uniquely American Asssociation of Retired Persons...

By admin_lambert on Mon, 12/29/2008 - 9:55am

... solution.

And now I just realized why the Baucus-esque "American" branding... All these parasites have "American" in their names. AARP, AHA, AMA ...

There's one uniquely American solution to the health insurers

By vastleft on Mon, 12/29/2008 - 10:18am

American Standard:

brilliant

By DCblogger on Mon, 12/29/2008 - 10:42am

instant classic!

T-Shirt!!

By admin_lambert on Mon, 12/29/2008 - 10:46am

Brilliant indeed!

a great shirt!

By amberglow on Mon, 12/29/2008 - 11:37am

that's all you need --

"A Real 'Uniquely American' Solution -- Flush HMOs"

and that pic.

flush health insurance parasites

By DCblogger on Mon, 12/29/2008 - 12:14pm

it is not just hmos

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