SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (27331)4/12/2005 10:30:37 AM
From: MulhollandDrive  Read Replies (1) | Respond to 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.


hi grace...

do you happen to recall....wasn't medicaid fraud (whereby she had to pay monies back to the state, for taking medicaid coverage for her mother, nursing home expense... small change amount in the larger scheme of things) at the basis of senator mosely-braun D (IL) senatorial loss after one term?

wrt to medicaid...

it will continue to be a burgeoning expense unless and until there is nursing home eligibility

as you rightly pointed out, finding the loopholes whereby the middle, upper middle and wealthy classes 'qualify' has become an ever-changing cottage industry



To: GraceZ who wrote (27331)4/12/2005 11:00:26 AM
From: mishedlo  Respond to of 116555
 
U.S. weekly chain store sales up 0.3%
Tuesday, April 12, 2005 12:36:53 PM
afxpress.com

WASHINGTON (AFX) -- Sales at major U.S. retail chains rose 0.3% last week, according to an index released Tuesday by the International Council of Shopping Centers and UBS. Same-store sales slowed to 3.9% growth year-over-year from 4.4% last week. "Despite another record high level for gasoline prices ..., consumers still managed to eke out a small increase in spending this past week," said Michael Niemira, ICSC's chief economist. With the early Easter this year, ICSC expects April same-store sales to rise about 2% year-over-year



To: GraceZ who wrote (27331)4/12/2005 11:44:52 AM
From: RealMuLan  Read Replies (1) | Respond to 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.