Myths about Obama’s Health Plan

Lots of clients have been asking my opinion on Obama’s new health care reform plan.

I’m not at all a political pundit, and I have not read the entire Bill, but
I have seen and heard what appears to be a great deal of misinformation out there in the popular press. Here’s a slightly left-of-center article explaining the current status of the Bill and summarizing and rebutting some of the seemingly more outrageous claims that are out there:

MAKING LAW REALLY IS LIKE MAKING SAUSAGE!

Lots of clients have also been asking me whether Obama’s health care reform plan will affect Medicaid. Medicaid is the federal program that pays for approximately 70% of people residing in nursing homes.
It is my understanding that the current Bill does not change the Medicaid long-term care program at all. Long-term care is essentially “custodial care” — it does not fall under the umbrella of health care or under Obama’s new health care reform.

So for now, Medicaid is alive and well. If you have a family member who is in a nursing home or who you think might need to enter a nursing home in the near future, please contact us, as there are dozens of Medicaid Asset Protection strategies that we can use to help clients protect assets and get better long-term care in the process.

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About Evan H Farr, CELA, CAP

Evan H. Farr is a 4-time Best-Selling author in the field of Elder Law and Estate Planning. In addition to being one of approximately 500 Certified Elder Law Attorneys in the Country, Evan is one of approximately 100 members of the Council of Advanced Practitioners of the National Academy of Elder Law Attorneys and is a Charter Member of the Academy of Special Needs Planners.

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