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

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

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

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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Opponents Convene in Ohio General Assembly to Testify Against Subsidies for Clean Air Projects

  Greg  Lawson of The Buckeye Institute testified Wednesday in front the Ohio Energy and Natural Resources Subcommittee as it considered House Bill 6, a controversial “Energy Generation” bill put forth April 12. The subcommittee gathered for its third hearing Wednesday where Lawson and 80-plus other citizens convened to testify.…

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