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

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

Harry Wilmerding  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 company recorded $1.6 billion in revenue with roughly $1 billion, or over 60%, coming from royalty revenue. Meanwhile, […]