Isn't Medicaid for broke people?
Doesn't seem right that a person with $1mil in assets should get the same coverage at same cost as a poor broke person.
I thought it was for people with a certain MAGI?
Take a person in the Bay area for example, they could have a modest house that is worth 800k that was purchased many years ago and a small nest egg of 200k locked up in retirement. They are unable to work due to health, lost their job or work part time while raising kids as a single person.
They are millionaires by your definition is it wrong for them to be qualified for subsidies or Medicaid?
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Ok so you are not talking about those people...
Just the ones that saved up up a million dollars in a pension / retirement, live a basic life and spend $23k a year from their nest egg.
Does it matter what age they are? 30? 40? 50? 60? Does it depend on their situation? Are they able to work? Do they have bad health? Do they work for a non profit and make very little money yet managed to scrimp and save by not being consumer suckers?
What about the people that have new fancy cars in the driveway, eat out everyday, buy the latest greatest huge flat screen TV and do not work? Is it ok for them? They have no assets but could be able to work just refuse as they would lose benefits.
Where do you draw the line? How many people are we really talking about? Is the system perfectly imperfect? How much would enforcement cost?
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