AARP May Get $1 Billion on Health Law, House Republicans Say
AARP will gain as much $1 billion over the next decade from the 2010 health care overhaul and should have its tax-exempt status investigated, according to a group of House Republicans.
AARP operates in direct opposition to the needs of their senior membership, Representative Wally Herger, a California Republican who chairs the House Ways and Means Health subcommittee told Bloomberg. We think they ought to know what weve uncovered.
Two GOP members of the House Ways and Means Committee released a report Wednesday alleging that the nations largest seniors group stands to gain financially from the Affordable Care Act. They say the law could result in more people demanding Medicare supplemental policies endorsed by AARP. These endorsements could bring in money from collecting royalties and other fees from the sale of insurance policies.
AARP President Lee Hammond told the Associated Press Wednesday that the organization denies the Republican allegations.
AARP has long maintained that we would gladly forgo revenue in exchange for lifetime health and financial security for all older Americans, Hammond said. We have been conducting ourselves in pursuit of that mission for more than 50 years, with the same focus on affecting both public policy officials and the private marketplace to achieve our social welfare goals.
AARP represents 37 million people ages 50 and over in the U.S. It operates as a non-profit advocate for its members and as one of the most powerful lobbying groups in the United States.