Monday, October 24, 2011

Is Granny Headed to the Ice Floe?

"Just because CLASS has been dismissed, however, doesn’t mean the threat has gone away. In fact, in a very real sense, Medicaid itself is a stealth CLASS program. Technically, seniors can qualify for government provision under Medicaid only if they impoverish themselves by “spending down” their assets. However, an entire cottage industry of lawyers is now helping seniors protect their assets and still get Medicaid long-term care coverage. Long-term care is the fastest growing expense in the Medicaid program. As 78 million baby boomers reach the age of 65 at a rate of 10,000 per day, expect them to take full advantage of the legal opportunities to obtain Medicaid benefits at taxpayer expense."

Is Granny Headed to the Ice Floe? | John Goodman's Health Policy Blog |

1 comment:

Anonymous said...

Murray sez:
Provide government assistance based on means and you'll find people scrambling for ideas on how to hide income to qualify. Been going on for years. Shows that government can't nor will attempt to try to provide oversite.