We can’t cut the Medicaid rolls because it will hurt the neediest among us. That’s what we’re told. We’re also told that the economy is fantastic. But if that was true the welfare rolls wouldn’t be at an all time high. But I guess those who argue that the economy is great despite the massive increase in welfare recipients can argue that you can’t use that as a measure because millionaires can now enroll in Medicaid. So receiving government benefits isn’t a good measure of one’s financial situation.
In states that expanded Medicaid, people with high Net Worths and low monthly incomes qualify for Medicaid because of loosened eligibility requirements implemented under Obamacare. And in rural states like Iowa, Americans whom many would consider wealthy are taking advantage of this “loophole” and enrolling in coverage paid for by taxpayers.
Jesse Patton, an insurance broker living in Iowa, has had clients with net worths ranging from $2 million to $5 million, which often stem from farmland or assets from divorce settlements. And those clients, he said, are enrolled in Medicaid in expansion states like Iowa.
“It was designed to help the lower-income population,” Patton told The Daily Signal of Medicaid. “But without the asset test, there are folks that have the financial means and assets there that are good at figuring out how to work the system and capture a benefit they’re entitled to.”
Read the whole thing. Millionaires can receive Medicaid benefits because, well, otherwise things would be too complicated. And we can’t have that. $19 trillion in debt is fine, but we can’t complicate a program designed to help those who are truly in need by asking if that’s really the case.