It is hard to imagine a non-profit organization that raises more money in a single year than the Gross Domestic Product of 19 nations ranked by the International Monetary Fund. But that is what AARP has become and they are increasingly coming under fire for their questionable financial tactics.
According to AARP’s 2016 filing with the Internal Revenue Service, the non-profit raised more than $1.6 billion (yes, billion with a ‘B’) and had in excess of $1.1 billion of net assets that year, all of it shielded from the IRS because of its 501(c)(3) tax status. As non-profit groups go, AARP has done pretty well for itself, but at what cost?
Cable news channels are happy to take advertising money from AARP to sell its branded health care plans but are less inclined to report news of various legal actions against AARP for business practices that raise legitimate questions about whether this non-profit is acting as a for-profit business.
A lawsuit filed against AARP in Pennsylvania in August, 2018, alleges that seniors in that state who signed on to the non-profits health plans, “were fooled into paying artificially inflated insurance charges for Medicare supplemental health insurance policies so that defendants could use the inflated portion of the payment for illegal purposes.”
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7 comments:
AMAC!
AARP is almost single handily responsible for getting us Obamacare.
NEVER EVER WILL I SUPPORT OR JOIN THAT GROUP!
They are America's largest insurance broker. Follow the money.
Hmm millennials must be responsible!
They spend millions on Democrats.
One way the earn money (sic) is by sending an AARP member a notice every month that it is time to renew your subscription. You get lost in daily living and forget just when did you sign up so you sign up again. No kidding I have seen myself. Also their supported health plan is outrageous.bwhy would anyone sign up for it. AARP was a good source for seniors but now has become a rip off.
AMAC is the right alternative.
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