Tag: AARP

AARP Spent Millions Advocating for New Laws That Likely Benefit a Major Corporate Backer

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Old Person

AARP, an organization that represents the interests of retired Americans, spent tens of millions of dollars promoting provisions in the Inflation Reduction Act (IRA) that likely benefit the bottom line of one of the group’s major corporate backers.

AARP spent more than $60 million between 2019 and summer 2022 advocating for a provision that eventually made it into the IRA allowing Medicare to negotiate with pharmaceutical companies over the prices of certain drugs, according to an article posted on the group’s website. The provisions would require the Department of Health and Human Services (HHS) to negotiate the prices of certain drugs with drug manufacturers starting in 2026.

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Jackson, Tennessee Ranked as One of the Top U.S. Cities for Retirement

Kaitlin Housler
two people sitting next to a lake

AARP, the nation’s largest nonprofit, nonpartisan organization for Americans 50 and older, has ranked Jackson, Tennessee as one of the best places to live and retire in the country.

Jackson, located in Madison County, has a population of 68,205. According to AARP, Jackson made the list of best places to live and retire due to it’s “affordable and accepting” vibe. The organization also cites median home costs of $1,071 per month and the median home cost burden of 29.5% of income spent on housing. The city is also great for those who enjoy an outdoor lifestyle, with 74% of the population living near parks and recreational facilities.

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

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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%.

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Georgia Senate Committee Learns Private-Sector Workers’ Retirement Savings Low

Bradley Vasoli

According to data presented Friday to the Senate Retirement Security for Georgians Study Committee, about half of Peach State residents—and Americans generally—aren’t saving enough for retirement.

Jessica Eckman, a senior legislative representative with the American Association of Retired Persons (AARP), told the committee that about 50 percent of U.S. households are at risk of accumulating insufficient retirement savings, up from 31 percent three decades earlier.

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Ohio Group: End, Not Delay, Consumer Fees, Government Subsidies for Power Companies

The Center Square

While the Ohio General Assembly works on a bill to delay new consumer fees on electric bills, one state representative is getting support for his plan to end the charges completely.

State Rep. Mark Romanchuk (R-Ontario) introduced House Bill 772 that he says focuses on the “harmful policy to Ohioans” created by House Bill 6, a controversial nuclear bailout law that led to the indictments and arrests of five people, including former Speaker of the House Larry Householder, in a $60 million bribery and racketeering scheme.

“The $150 million annual nuclear subsidy from Ohioans was never needed to sustain the operation of the two Ohio nuclear plants. Evidence was provided by witnesses during the House Bill 6 debate that financial instability was likely untrue,” Romanchuk said.

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U.S. Rep. DesJarlais Votes For Farm Bill That Improves Food Stamp Program, Rural Broadband, Education

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U.S. Rep. Scott DesJarlais (R-TN-04), a member of the House Agriculture Committee, said in a press release Wednesday he voted for the Agriculture Improvement Act of 2018. The House-Senate agreement sets national agriculture policy for the next five years, and President Donald Trump will likely sign it, DesJarlais said. DesJarlais, a House Freedom Caucus member, was an outspoken proponent of changes to the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, which would help more Americans gain job training and employment in an economy where an estimated 6 million job openings outnumber the unemployed. AARP Executive Vice President and Chief Advocacy & Engagement Officer Nancy LeaMond signaled her appreciation of the act’s passage. She said, “AARP applauds Congress for passing the Agriculture Improvement Act of 2018. This legislation protects access to the Supplemental Nutrition Assistance Program (SNAP). We are particularly pleased that the bill rejected harmful changes to the law’s work requirements that would have made it harder for older Americans to access SNAP benefits.” DesJarlais said, “Especially in Tennessee’s Fourth District, where Rutherford County is one of the fastest-growing in the U.S., the economy requires skilled workers to fill good-paying jobs. But able-bodied, working-age adults receiving food…

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