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
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. Read More
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. Read More
Senator Mark Warner (D) and challenger Daniel Gade debated health care and social security at a Tuesday debate hosted by the AARP and WTKR News 3. Warner stressed his record including support of the American Care Act (ACA) and criticized the Republican Party for trying to dismantle it. Gade described some potential compromises to the ACA and repeatedly called Warner a career politician. Read More
A bill co-sponsored by Florida Sen. Rick Scott that would penalize pharmaceutical companies that have received federal research grants for charging “unreasonable prices” for prescription drugs has secured a key endorsement. Read More
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,… Read More