Virginia Foxx said "I want to say that, again, our colleagues across the aisle are in the business of picking winners and losers. They do love one insurance company. They love the AARP, which in 2008, from their financial statements, had royalty fees of $414 million. Pure profit on their bottom line. I raised this issue with Mr. Rangel when he was at the Rules Committee before, because I am very concerned about the way AARP is being represented to the people. Their profits have skyrocketed in recent years, jumping 31 percent just from 2007 to 2008. So we find, again, that they want to pick the winners and losers instead of allowing individuals in this country to make their decisions on what they should be doing." @ PoliticalQuotes.com

On the recordMarch 18, 2010

I want to say that, again, our colleagues across the aisle are in the business of picking winners and losers. They do love one insurance company. They love the AARP, which in 2008, from their financial statements, had royalty fees of $414 million. Pure profit on their bottom line. I raised this issue with Mr. Rangel when he was at the Rules Committee before, because I am very concerned about the way AARP is being represented to the people. Their profits have skyrocketed in recent years, jumping 31 percent just from 2007 to 2008. So we find, again, that they want to pick the winners and losers instead of allowing individuals in this country to make their decisions on what they should be doing.

Said by

Virginia Foxx

Republican · North Carolina

Source

govinfo.gov

Editor's note · Context

The speaker criticizes the AARP's profits and the influence of insurance companies in policy decisions.

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