Cornflour Says: This hasn’t received a lot of publicity, because compared to other Obamacare problems, it may seem small. But if you’ve retired early and then lost your private health insurance due to Obamacare, then you’ll be forced into the expanded Medicaid program. The same would, of course, be true for people with significant assets, but temporarily low incomes. When you use Medicaid, you aren’t using an insurance program, you are borrowing from the government. In this case, you’re being forced to borrow from the government. The government can then seize your property — of any sort — to recoup their expenses. The de facto and de jure vigor of these property seizures vary from state to state, but will inevitably increase as the states’ costs increase, and as federal support for Medicaid decreases.
Posted on: Tue, 01 Apr 2014 01:36:51 +0000
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