‘Effectively Overcharges Seniors’: AARP Rakes in Record Profits Selling Brand Royalties While Overcharging Members

old man and woman walking outside together

The American Association of Retired Persons (AARP) raked in massive profits in 2020, mostly from royalties on branded health insurance policies, not memberships, according to company financial documents.

AARP’s 2020 Form 990 shows that the organization reported $1.6 billion in revenue, with roughly $1 billion, or over 60%, from royalty revenue. Meanwhile, membership dues contributed under 20% of total revenue.

AARP’s 2019 Form 990 reported $1.72 billion in revenue, with royalties making up nearly 56% of revenue while membership dues contributed just 17%.

Read More

Florida Lawmakers Looking to Expand Health Insurance for Children

Florida’s lawmakers are considering expanding state-funded health insurance for children. The idea has gained traction among Republicans and Democrats, and two competing proposals would increase the amount of money beneficiaries can make.

Currently, families making less than 200 percent of the federal poverty level are eligible for the state’s program, KidCare. However, the same families do not qualify for Medicaid.

Read More