reprinted from AmericanFamilyAssociation
The AARP claims to be all about representing the interests of seniors, but when it comes to health care reform, they are selling seniors down the river to line their own pockets.
The AARP has endorsed the gargantuan PelosiCare bill that just passed the House, despite the fact the bill proposes more than $400 billion in cuts to Medicare, which is certain to lead to rationing, inferior care and "death panels" for vulnerable senior citizens.
Why? As they say, follow the money. PelosiCare will also cut Medicare Advantage by $170 billion. Medicare Advantage allows seniors to purchase private insurance with their Medicare payments, but these cuts will drive many of these seniors into inferior Medigap plans.
AARP has a vested interest in seniors being driven out of Medicare Advantage into Medigap plans because AARP makes a fortune in royalty fees from Medigap plans. More than one-half of its $1.1 billion budget comes from such royalty fees, and Medigap plans make up the biggest share of this royalty revenue by far.
The more seniors are forced out of Medicare Advantage into Medigap plans, the more money AARP makes. In other words, under PelosiCare, seniors lose but AARP wins - big time.