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Originally Posted by Noporscheform
Just to clarify - Medicaid is a program used to ensure that the poorest of our citizens can have access to medical care. It was not created to allow greedy, selfish people to move their assets outside of their estate in order to suck from the government tit. If you are concerned with long term care costs - buy a long term care policy- you can afford it - to stick the tax payers with the bill while the heirs go off and buy a Porsche is just plain wrong.
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Just to clarify, I know of absolutely no one who has ever received Medicaid. I am referring to Medicare (for the elderly) as I have had many, many older relatives (and we all will be someday) who depend upon "socialized medicine" in their latter years. Yep, I've seen what private insurance can (and would) do before the ACA was implemented when a patient reached a "cap". If it weren't for "socialized medicine" (Medicare), then what do you suggest? If you think private insurance co's can (will) cover our aging (LONGER living) population then I've got news for ya. One day of tests at Duke can easily reach $150K. My mom broke her ankle last year...4 day hospital stay was 40K. We'll just have to disagree on this one...an elderly person losing everything they own because of an accident or short illness is just plain wrong too imo. Until you walk in their shoes...