Beware the Obamacare death tax

Obamacare giveth, and Obamacare taketh away.

Though many may not realize it, states are allowed to recover the cost of health care after someone’s death by seizing their assets. It applies to Medicaid recipients who are between the ages of 55 and 64. The law has been in place since 1993, when Congress realized states were going broke over rising Medicaid expenses.

But under ObamaCare, Medicaid eligibility has expanded dramatically along with the promise that the federal government will pick up the cost of the higher tab — at least for the first few years, after which states will be on the hook for a portion of the increase.

Millions more are entering the system, perhaps without knowing that their assets could be at risk.

Twenty-three states are in on the scam, and they’re salivating over how much more money they can vacuum up from grieving families.

In 2004, California collected $44.6 million through estate recovery. It’s a number that is certain to rise dramatically. MediCal officials tell Fox News they expect 1 million-2 million additional enrollees by 2015.

Minnesota, a much smaller state than California, managed to collect $25 million in 2004. It, too, is keeping its estate recovery policy in place.

If you’re on Obamacare, my advice is “don’t get sick.” And if you do get sick, don’t die.

About these ads

One thought on “Beware the Obamacare death tax

  1. Pingback: Death tax in Obamacare?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s