|
LTC Bullet: USA Today Takes
Medicaid Planning to Task
Wednesday May 27, 1998
Seattle--
Today's USA Today (May 27, 1998) lead editorial "Loopholes
Give Access to Medicaid Funds" explains how "decades
of eligibility creep" have resulted in widespread exploitation
of the Medicaid system by Medicaid planning professionals and
their clients who ignore the risk of long-term care costs. The
editorial details the "shenanigans" employed by these
Medicaid planning professionals to qualify their "well-heeled"
clients for welfare-financed nursing home care. USA Today argues
that Medicaid planning only feeds the related problem of failing
to plan ahead: "Why bother when you can wait until the last
minute and let taxpayers pick up the tab?" The editors conclude
that "[a] good first step toward ending the indifference
would be to send a message loud and clear: If you're not poor,
the government won't bail you out - or your heirs." Left
unsaid in the editorial -- private long-term care insurance is
the best solution for most middle-class Americans.
To see the complete editorial and the response offered by a leading
Medicaid planning attorney, go to http://www.usatoday/news/comment
or pick up a copy of today's USA Today
|
