Thanks for the article on Medicaid estate recovery, plus Devon’s thoughtful piece on same.
This is a repulsive practice…it is the kind of thing that often happens in means-tested programs. I favor universal health insurance virtually every time.
In this situation, a lot depends on the value of the house that is inherited.
In many parts of the country, a house might be worth $400,000. I would think that an heir could get a home equity loan for $71,000 to meet the government demand.
Rep. Schakowsky has also been known to pad a statistic or two. She says that 17,000 families in her state lost their homes to Medicard. At $50,000 each, the lost homes would have netted $850 million……….but we later read the recoveries brought in only $793 million over the entire country!
Thanks for the article on Medicaid estate recovery, plus Devon’s thoughtful piece on same.
This is a repulsive practice…it is the kind of thing that often happens in means-tested programs. I favor universal health insurance virtually every time.
In this situation, a lot depends on the value of the house that is inherited.
In many parts of the country, a house might be worth $400,000. I would think that an heir could get a home equity loan for $71,000 to meet the government demand.
Rep. Schakowsky has also been known to pad a statistic or two. She says that 17,000 families in her state lost their homes to Medicard. At $50,000 each, the lost homes would have netted $850 million……….but we later read the recoveries brought in only $793 million over the entire country!