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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (27331)4/12/2005 11:44:52 AM
From: RealMuLan  Read Replies (1) of 116555
 
>>But then now the states are fighting back trying to get back some of the money they spend on your care from any estate you might leave.<<

The law is there (in as many as 20+ states), no point to fight. If you spend the public money, and if you have any estate left at all, the first priority is to recover by the gov. That is the only way for Medicaid can survive till this day.

Some people who trust their children enough and transfer their houses under their heirs name, but have to be 1 year before they apply for Medicaid. And that is what the state are fighting for. Because frankly, that is not much dif. than stealing, although legally.

Unlike your state, most of states make people eligible for Medicaid for family 150% above poverty level or lower. And I am pretty sure, it won't be long before your state change the policy.

Some number from the article of Governing:
"It covers 50 million low income individuals;
it pays the bill for 2/3 of the nursing home residents nationwide;
it funds for 1/3 of all births.

And Bush's new budget proposes the cut of $60 billion for the next decade (about 2%) from Medicaid alone. And if it is passed, it won't be long to see the result.

The fact is, the government does not actually provide health care in the Medicaid prog. Private and non-profit hospitals, clinics and physicians actually do the work. They submit their bills to private companies, who act as financial intermediaries to process the paperwork for reimbursement. "

So any cut will show on the food chain.
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