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Old December 19th, 2013, 06:30 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, 06:39 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, 06:49 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, 07:01 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, 07:18 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, 07:24 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, 07:28 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, 07:33 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, 07:36 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, 08:02 AM   #10
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So you're for free stuff after all. Interesting.
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Old December 19th, 2013, 08:05 AM   #11
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So you're for free stuff after all. Interesting.
To whom are you responding to here?
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Old December 19th, 2013, 08:05 AM   #12
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I used to work for a private club ( like a VFW) one of our members was an attorney who would help elderly members liquidate their assets before they would get to the point of hospice care so the price of being old didn't eat all of their acclimated wealth and they could find ways to pass it on to their loved ones, or whom ever they wanted. If this didn't happen many times their bills would go above whatever coverage that they had and as a result their wealth would go to the banks to pay off their debt..now the government is going to attempt
to circumvent the banks and lawyers and just take wealth for the good of the state. I have stated on here before that I think national health care is a good thing, but this bill in no way has the good of the people in mind. It feels like our government is not even trying to hide its agenda any longer. I never thaught I would long for the days I was just a crazy conspiracy theorist.
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Old December 19th, 2013, 09:09 AM   #13
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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.
So you think that you shouldn't be responsible for your end of life health care? You think that it is ok give your cash to your heirs and expect taxpayers to foot the bill instead of using your own assets?
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Old December 19th, 2013, 09:16 AM   #14
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So you think that you shouldn't be responsible for your end of life health care? You think that it is ok give your cash to your heirs and expect taxpayers to foot the bill instead of using your own assets?
That isn't the point; the point is the people that are being forced onto Medicaid against their will, and putting their estate in jeopardy as opposed to keeping the insurance they had.
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Old December 19th, 2013, 09:29 AM   #15
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People without insurance were losing their houses due to hospital bills all the time.
Yep.. and Obamacare solves that how.

OBAMACARE WILL LEAVE 30,000,000 WITHOUT INSURANCE.

the exact same number that were uninsured before Obama Fubared the economy

So no only are those without insurance losing their homes.. but so are those that have insurance...
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Old December 19th, 2013, 09:32 AM   #16
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Yep.. and Obamacare solves that how.

OBAMACARE WILL LEAVE 30,000,000 WITHOUT INSURANCE.

the exact same number that were uninsured before Obama Fubared the economy

So no only are those without insurance losing their homes.. but so are those that have insurance...
Eighty percent of medical bankruptcy filers have insurance, and the majority oh uninsured will not but Obamacare, then the math comes into play.
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Old December 19th, 2013, 09:33 AM   #17
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Nothing new under the ACA that wasn't true in the past;

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. So here's the deal: since 1993 there has been a federal law requiring states to recover at least some of the costs of Medicaid-covered medical care for anyone 55 years old and up, from the estates of those covered.
http://www.dailykos.com/story/2013/1...d-Consequences
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Old December 19th, 2013, 09:35 AM   #18
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To whom are you responding to here?
I was wondering the same thing. If he is talking to me then someone should explain to him how a trust works.
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Old December 19th, 2013, 09:40 AM   #19
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So you think that you shouldn't be responsible for your end of life health care? You think that it is ok give your cash to your heirs and expect taxpayers to foot the bill instead of using your own assets?
If you are referring to Medicaid then no I don't think that it is a good idea to begin with. If you are talking about Medicare then the person unwillingly paid into the system for that care their whole working life and should not have to pay for it twice.
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Old December 19th, 2013, 09:41 AM   #20
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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.
I don't have a lot of experience with trusts, but I believe Medicaid can trace assets back five years prior and seize them regardless if it is a trust. There is a combination in Texas of a "Lady Bird Deed" and a living trust gives some protection from Medicaid seizure of assets, but I don't know about others state's seizure laws regarding Medicaid.
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