Philip Klein at American Spectator connects the dots between AARP and the Obamacare bill, and finds that there appears to be a substantial financial incentive in the bill for AARP:
President Obama and Democrats have proposed saving money to pay for health care legislation, in part, by cutting $162 billion in payments to Medicare Advantage, which allows Medicare recipients to choose privately-administered coverage. If these changes go through, millions of seniors who have chosen Medicare Advantage would lose their current coverage, forcing them into government-administered plans with less generous benefits. As a result, many of them would have to purchase policies to supplement traditional Medicare.
In 2008, AARP generated $652.7 million in revenue by selling products like Medigap supplemental Medicare insurance, accounting for over 60 percent of the group’s revenue, according to an analysis of its financial statements cited in the report released by the House Republican Conference.
If the House Democrats health care bill becomes law, the report argues, it would be a boon to 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 kind of Medigap policies sold by AARP.
But this isn’t the only way that AARP is getting special favors, according to the report.
Earlier this month insurer Humana Inc. sent customers who enrolled in the company’s Medicare Advantage plan a letter warning them that their benefits would be in danger if the Democratic health care legislation passed. Senate Finance Committee Chairman Max Baucus complained to the Centers for Medicare and Medicaid Services, which not only ordered Humana to stop sending the letters to its customers, but prohibited any other private insurers from doing the same. Except, that is, AARP — which sponsors a Medicare Advantage program in addition to the Medigap policies it offers, but was exempt from the Obama administration’s gag order.
It’s not an omission. It’s a deliberate act of corruption.
The Obama administration continues on it’s record-setting pace to become the most blatantly corrupt administration since the Teapot Dome scandals of the 1920’s.