ObamaCare endorsements: What the bribe was
"· The AARP got a financial windfall in return for its support of the healthcare bill.
Over the past decade, the AARP has morphed from an advocacy group to an insurance company (through its subsidiary company).
It is one of the main suppliers of Medi-gap insurance, a high-cost, privately purchased coverage that picks up where Medicare leaves off.
But President Bush-43 passed the Medicare Advantage program, which offered a subsidized, lower-cost alternative to Medi-gap.
Under Medicare Advantage, the elderly get all the extra coverage they need plus coordinated, well-managed care, usually by the same physician.
So more than 10 million seniors went with Medicare Advantage, cutting into AARP Medi-gap revenues.
Presto!
Obama solved their problem.
He eliminates subsidies for Medicare Advantage.
The elderly will have to pay more for coverage under Medigap, but the AARP — which supposedly represents them — will make more money.
(If this galls you, join the American Seniors Association, the alternative group; contact sbarton@americanseniors.org)
When will the people see this "man" for what he really is?
"· The AARP got a financial windfall in return for its support of the healthcare bill.
Over the past decade, the AARP has morphed from an advocacy group to an insurance company (through its subsidiary company).
It is one of the main suppliers of Medi-gap insurance, a high-cost, privately purchased coverage that picks up where Medicare leaves off.
But President Bush-43 passed the Medicare Advantage program, which offered a subsidized, lower-cost alternative to Medi-gap.
Under Medicare Advantage, the elderly get all the extra coverage they need plus coordinated, well-managed care, usually by the same physician.
So more than 10 million seniors went with Medicare Advantage, cutting into AARP Medi-gap revenues.
Presto!
Obama solved their problem.
He eliminates subsidies for Medicare Advantage.
The elderly will have to pay more for coverage under Medigap, but the AARP — which supposedly represents them — will make more money.
(If this galls you, join the American Seniors Association, the alternative group; contact sbarton@americanseniors.org)
When will the people see this "man" for what he really is?
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