AARP makes only about 20% of its
revenue from membership dues, while it makes 34% of its profits from
its healthcare insurance business. AARP's percentage of healthcare
insurance profits is about to increase dramatically under Obamacare
due to it's lobbying against its own memberships interests.
The AARP has carved out some nice
loopholes for itself in order to increase profits from seniors. By
suppressing reforms that would have lowered seniors premiums by
$415.00 per year, AARP gets to increase its profits. AARP also
lobbied to keep its own administrative costs exempt from new rules to
lower them. This increases profits to AARP and increases costs to
seniors.
Because the majority of AARP's revenue
depends on insurance profits from senior citizens, it cannot function
as an advocacy group for senior citizens. This conflict of interest
does not serve senior citizens, AARP lobbies in the name of senior
citizens against the interests of senior citizens. AARP stands to
make billions of dollars in profits on the backs of senior citizens.
What Can You Do?
Switch any insurance you may have away
from AARP. Do not renew your membership with AARP. There are many
other senior advocacy groups that are actual advocates for seniors,
find one that suits your needs. The fastest growing senior advocacy
group is American Seniors Association at:
http://www.americanseniors.org/
.