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Old December 19th, 2013, 07:30 AM   #1
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Sign Up For Obamacare, Lose Your House

The Obamacare ?Shotgun Wedding??Marry or Lose Your Home - Yahoo Finance


"Unless they look at the fine print in the paperwork in Washington and other states with similar asset-forfeiture regulations, any assets they own will not pass to their heirs but to the state instead.

Adults between the ages of 50-64 account for 18 percent of the enrollments in the state’s Apple Health Medicaid program, and the seizure regulations apply in their cases for those 55 and older. The state exchange uses only income levels to means-test Washington applicants for the program, which means most of them will have no idea that their assets are at risk until it’s too late.

“People will think this is wonderful, this is free insurance,” Dr. Jane Orient, executive director of the Association of American Physicians and Surgeons, said in an interview. “They don’t realize it’s really a loan, and is secured by any property they have.”

That’s one of the problems of Obamacare itself – the perception that it’s a free lunch. Even those who do qualify for subsidies get that only through the collection of a myriad of taxes imposed by Obamacare. Those taxes apply to employers, insurers, and medical-device manufacturers, which drive up the costs for consumers and workers in indirect ways. It’s a shell game--not a reform that actually drives costs down. Instead Obamacare only masks price increases through dishonest opacity."
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Old December 19th, 2013, 07:39 AM   #2
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I remember discussing this with my in laws about a week ago. They had looked into signing up to ACA until they realized their home would no longer be theirs but a property of the state. They were thoroughly outraged and disgusted. Me, i wish i could say i was shocked...
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Old December 19th, 2013, 07:49 AM   #3
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People without insurance were losing their houses due to hospital bills all the time.
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Old December 19th, 2013, 08:01 AM   #4
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Signing it over to the state is supposed to be comforting?
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Old December 19th, 2013, 08:18 AM   #5
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People without insurance were losing their houses due to hospital bills all the time.
Another post by you that is as relevant to the topic as this:
Duck Dynasty is an American reality television series on A&E. It shows the lives of the Robertson family, who became wealthy from their family-operated business, Duck Commander, operated in West Monroe, Louisiana, which makes products for duck hunters, primarily the duck call named Duck Commander.
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Old December 19th, 2013, 08:24 AM   #6
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The number one reason for personal bankruptcy in the past has been hospital bills. More scare tactics will not revise that reality.
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Old December 19th, 2013, 08:28 AM   #7
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The number one reason for personal bankruptcy in the past has been hospital bills. More scare tactics will not revise that reality.
A Martian is a native inhabitant of the planet Mars.
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Old December 19th, 2013, 08:33 AM   #8
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The number one reason for personal bankruptcy in the past has been hospital bills. More scare tactics will not revise that reality.
Pardon me, but i don't see how the situation has improved. Now instead of merely going bankrupt and the bank taking the belongings, the state gets in on the pickings from the carcass as well. Wonderful.
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Old December 19th, 2013, 08:36 AM   #9
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Pardon me, but i don't see how the situation has improved. Now instead of merely going bankrupt and the bank taking the belongings, the state gets in on the pickings from the carcass as well. Wonderful.
Plus any elderly person who has worked their whole life and owns their home is foolish not to get a hold of an elder law firm and have their accumulated assets put into a trust.
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Old December 19th, 2013, 09:02 AM   #10
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So you're for free stuff after all. Interesting.
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