AMERICAN SENIORS GROUP HITS AARP “KICKBACK” PLAN
ATLANTA— “The Democrats’ House Bill 3200, if it becomes law in its current form, includes a shameless kickback to the left-wing American Association of Retired Persons when its sells Medigap insurance policies,” says Stuart Barton, president of the American Seniors Association (ASA) representing tens of thousands of members nationwide.
“The House Republican Conference has documented that the AARP is in a position to receive tens of millions of dollars in kickbacks if this Democrat bill becomes law,” Barton says. “In 2008 AARP generated $652.7 million in revenue by selling products like Medigap supplemental Medicare insurance, accounting for over 60 percent of the organization’s revenue. But get this— the bill favors the AARP because while Medicare Advantage plans will be required to pay out 85 percent of the money collected in premiums to claims made by policy holders, the requirement would only be 65 percent for the Medigap policies sold by the AARP.”
“The congressional report concludes it is an outrage that ‘seniors could pay as much as 20 cents more out of every premium dollar to fund kickbacks to AARP-sponsored Medigap plans than Medicare Advantage plans,’” Barton emphasizes. “Our organization would never want to be singled out for a special favor in some sweetheart congressional bill. Medigap is a wonderful option in the marketplace, and so is Medicare Advantage. Our organization is all about offering healthcare choices to seniors.”
The ASA has other major concerns over House Bill 3200: 1) a government-run plan would limit patient-doctor choice, 2) there would be an employer mandate that would kill jobs and lower wages and 3) the current legislation costing over $1.2 trillion attacks baby boomers and seniors by cutting $500 billion out of Medicare over the next 10 years.
Barton also reports that “many thousands of disgusted former AARP members have joined ASA this summer.”
To reach ASA or sign up click this link American Seniors Association (ASA)