Political Quotes

“I thank the gentleman for the time. I want to just say that our colleagues across the aisle have been lambasting insurance companies about what terrible things they have done to the American people. But I want to say that there is one insurance company they like very much, and that's the AARP. And it's probably because the AARP has come out so strongly in favor of this terrible so-called health care bill. Let me explain to the American people why the AARP is an insurance company. Because their royalty fees in 2008, according to their own financial statements, totaled $414 million, pure profit. And a higher amount of net revenue than that generated by such large insurers as CIGNA, which had $292 million profit, or Health Net, a $95 million profit during the same time period. =========================== NOTE =========================== March 19, 2010 on H1697 the following appeared: profit. And a higher amount of debt The online version should be corrected to read: profit. And a higher amount of net ========================= END NOTE ========================= Even as premiums continue to rise for seniors, AARP's profits have skyrocketed in recent years, jumping 31 percent just from 2007 to 2008. Now, our colleagues across the aisle don't ever mention that when they talk about the horrible insurance companies and how their rates have risen.…”