How will possible cuts to Medicaid affect you? It depends on which state you live in as different states have different budgets for Medicaid especially as their coverage of home-based and community-based care for older adults. What experts agree on is that states will compensate additional cuts in services if the proposed Federal cuts pass Congress. Follow our link to read the entire NYT article.
Plan on Growing Old? Then the Medicaid Debate Affects You
By Ron Lieber | New York Times
These are the stories we tell ourselves: I will never be poor. I will never be disabled. My child will develop normally. They stand a decent chance of being true, even.
There is one tall tale, however, that ought to inspire a great deal of skepticism: I will be able to pay for myself in my old age.
In fact, a majority of people cannot and do not. One in three people who turn 65 end up in a nursing home at some point. Among the people living in one today, according to the Kaiser Family Foundation, 62 percent cannot pay the bill on their own.
And when that happens, Medicaid pays. The very Medicaid program that stands to have hundreds of billions of dollars less to spend if anything like the health care bills on the table in Washington come to pass. [Read entire article]