AARP Sweet Scam On Seniors — Tea Party activist Bob Guzzardi pointed out the other day that the AARP is a “very profitable insurance company pretending to be do-gooder.”
Bob notes that organization, which claims to be an advocate for seniors, has $2.2 billion in total assets and generated over $1.4 billion in revenue in 2009.
AARP, through its sale of “Medigap” insurance policies is going to benefit greatly from Obamacare which guts the Medicare Advantage program by $200 billion and which the AARP polices are being written to replace.