A new report shows that AARP is a marketing operation designed to sell high-priced Medigap plans to seniors, rather than an advocacy organization representing the interests of retired people.
The August 2020 report, “How AARP Puts Profits over Patients – and Principles,” by Chris Jacobs of analytics firm, Juniper Research Group shows in 2018 alone, AARP’s net income totaled $246,463,998, of which 13.4 percent went into AARP’s pocket as net margin. AARP, formally known as the American Association of Retired Persons, has racked up $1.4 billion in profits since 2009, which is remarkable performance for any organization, claims the report.
“For instance, of seven major health insurers listed in the Fortune 500, none had a 2018 profit margin exceeding 5.42 percent,” the report states.
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