Four Things You Should Know About AARP
AARP continues to oppose sharing the savings with seniors, while receiving hundreds of millions of dollars in revenue from insurance companies every year.
AARP continues to oppose sharing the savings with seniors, while receiving hundreds of millions of dollars in revenue from insurance companies every year.
As lawmakers in Washington consider policies to make changes to Medicare prescription drug coverage, one solution that would provide immediate relief is sharing the savings biopharmaceutical companies negotiate with insurers and pharmacy benefit managers (PBMs) with seniors at the pharmacy counter. Despite support from policymakers on both sides of the aisle and more than 86% of AARP members, AARP continues to oppose policies that would enable sharing the savings with seniors, while receiving hundreds of millions of dollars in revenue from insurance companies every year.
In comments submitted earlier this year on the Administration’s proposed rebate rule (see here and here), AARP consistently opposes allowing seniors to share the savings at the pharmacy counter. Their comments echoed the concerns used by insurance companies, from whom AARP has received the vast majority of their revenue in recent years. Eighty-five percent of AARP members say they are disappointed in AARP for siding with insurers in opposition to the rebate rule.
AARP chooses to stand with insurance companies rather than their own members. Here are four facts that may explain why:
All of these facts beg the question, who is AARP really fighting for?
Get more facts about AARP here.