Pretend Paupers

Number 12267
Subject State Government
Source Florida Trend Magazine
State FL
Year 1995
Publication Date December
Summary Florida Trend Magazine reports that "Florida's Medicaid program is turning into a middle-class and well-to-do inheritance protection scheme. Who pays? The taxpayers and poor, sick children..... Financed jointly by the states and the federal government, Medicaid was established in 1965 to pay for the medical needs of the indigent poor, including long-term nursing-home care. But today, the program is rapidly gentrifying, as middle-class and well-to-do families learn how to rearrange assets to get around Medicaid's strict means test."
Category General
Pages 6
Keywords lawyers loopholes gentrification financial planning estate planning spending
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