Tag Archives: AARP

Connecticut seniors are in an uproar because their AARP health insurance plan was forced to sever ties with their hospital and doctors because of Obamacare.

Finding out what’s not in it: Connecticut seniors are in an uproar because their AARP health insurance plan was forced to sever ties with their hospital and doctors because of Obamacare.

AARP was a big supporter of Obamacare. A majority of these blue-state seniors probably voted for Obama as well.I wonder if they will now wake up and change their support now, or remain blind followers of a disastrous policy.

Obamacare doesn’t stop Medigap providers, AARP partners from discriminating against seniors

Surprise, surprise! Obamacare doesn’t stop Medigap providers and AARP from discriminating against seniors with preexisting conditions, as had been promised.

This story is just more evidence that the law is a mess, it should never have been passed, and in the future our so-called lawmakers should read the goddamn legislation before they vote on it.

I should add that I think it a very big mistake for the government to forbid insurance companies from denying new coverage to sick individuals. If insurance companies are forced to accept everyone as a new customer, even those who are ill, why bother paying for insurance when you are healthy? Everyone can simply wait until they are sick, and then buy the coverage, thereby getting a lot of insurance for very little investment. The result: insurance companies go bankrupt, as the whole concept of insurance depends on a lot of healthy customers paying the cost, at a low rate, for those who are sick.

AARP’s Billion Dollar ObamaCare Windfall

So this is why they lobbied for the crappy bill: AARP’s billion dollar Obamacare windfall.

Almost half of the $500 billion in ObamaCare’s Medicare cuts come out of Medicare Advantage. The cuts don’t kill the program, but they mortally wound it. CBO estimates that the Medicare Advantage program will be cut in half, causing over 7 million seniors to lose their health care coverage. They will be forced to return to traditional Medicare and, in most cases, will need to purchase Medi-Gap coverage.

Using very conservative assumptions (AARP keeps its current share of the Medi-Gap market and premiums don’t rise), this increase in the Medi-Gap market will generate more than $100 million a year in additional license fee revenue for AARP. Over a billion dollars every decade. Keep in mind, this revenue is simply for using AARP’s name, so it is almost pure profit.