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>The cost of receiving care in a nursing home can also present a significant burden. A private room in a nursing facility costs, on average, $7,698 per month. A
by creaghpatr 8y ago
>The cost of receiving care in a nursing home can also present a significant burden. A private room in a nursing facility costs, on average, $7,698 per month. And Medicare, which covers the vast majority of Americans over 65, generally does not cover long-term nursing care.
>Many Americans do end up getting Medicaid to cover nursing home bills — but that often requires selling off significant assets and dwindling down savings in order to fall below the public program’s income requirements.
The costs are so high is because much of that money goes to subsidizing Medicare and Medicaid, hence the socialist aspect of having to downsize your assets to qualify.
- jonknee 8y agoThe costs are so high because people are expensive and it requires a ton of skilled labor. Medicaid also spends a crazy amount on it.
- patient_zero 8y agoHospital costs are high... because of medicaid? You sure you don't want to trot out the old chestnut that they are also high because we're subsidizing the rest of the world's low medical costs? Pull the other one. Also the last sentence you wrote doesn't make sense. Please justify your use of "socialist aspect of downsizing assets to qualify".
- Brockenstein 8y agoI think he's trying to dog socialism by attaching it to the wealth requirements for qualifying for medicare/medicaid. IE you can't have hundreds of thousands of dollars in asestes and property and qualify. I don't perceive this as a problem with socialism, so much as preventing people that could pay for care trying to leech off government programs because they don't wanna and are butt hurt because poor people don't just die in a gutter.
- creaghpatr 8y agoWhat is happening in this scenario is a re-distribution of wealth. The costs of subsidizing Medicare and Medicaid, programs which would collapse without the subsidy of private insurance pricing, are financed by the rich- including this nobel winner who will redistribute his asset(s) to those in need (Medicaid beneficiaries). That is the 'socialist aspect'. If you'd like to learn more about how hospitals that serve Medicare/Medicaid patients need additional taxpayer funding to remain financially solvent, you can look at the statistics around Disproportionate Share Hospitals (DSH). https://www.medicaid.gov/medicaid/finance/dsh/index.html https://www.medicaid.gov/medicaid/finance/dsh/index.html
- codegeek 8y agoMay be. But that's not all and not even scratching the surface of real reasons for healthcare mess. Do you think Insurance Companies should be the middle men for EVERY process with healthcare including a simple visit to the doctor ? The answer to that question will also help understand the crazy costs of healthcare. Why do we need Health "Insurance" to just go see a doctor ? Why not pay the doctor directly which cuts out middlemen (insurance and billing companies) for simple stuff and keep insurance for you know the reason Insurance should exist: catastrophies.