What else would you expect from a program that will be administered and enforced by the IRS? The states take a page out of their playbook. Just make sure your estate is zero.
But now we have the Affordable Care Act, and its expectation that everyone in the lower tier of income will end up in the Medicaid system. To accomplish this, they have dropped the asset test. So now we will have lots of people ages 55-64, who have assets but not a lot of income right now, for whatever reason, on Medicaid.
The kicker of it is, if you make the right amount to qualify for a subsidized health insurance plan, your costs are going to be shared and subsidized by the government. But if you go on Medicaid, you owe the entire amount that Medicaid spends on you from the day you turn 55…
Fine print: State can seize your assets to pay for care after you?re forced into Medicaid by Obamacare « Hot Air
Remember this pipsqueak POTUS got re-elected primarily because of the promises (lies) based on his signature legislation.
"No one ever went broke underestimating the intelligence of the American public."
- H.L. Mencken
