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Recently, someone posted a question on the listserv about "Medicaid
planning," a euphemism for the subterfuge that some attorneys
aggressively market for their clients who wish to become "artificially
impoverished" and thus qualify for their state's Medicaid long-term care
benefits. In other words, these attorneys help upper middle class
individuals divest themselves of their assets (usually a transfer to an
irrevocable trust) in order to make them eligible for publicly financed
nursing home benefits. This sham is yet another example of how we --
through our fast-food, get-it-now mentality, lack of political courage
and fiscal irresponsibility -- will ultimately force our children and
grandchildren to choke under a mountain of our debt. Listen to what
others are saying:  "Medicaid planning to me is shameful. I suspect one
of the areas we will investigate is Medicaid planning and will seek to
put a stop to it." - Sen. William Cohen (R-ME)   "One of America's great
financial shell games is played, unseen, in the offices of lawyers and
accountants who counsel the elderly. One minute you see a pile of money.
Zip, zip, zip, the next minute it's gone." - Jane Bryant Quinn
"I am offended by wealthy individuals with the aid of lawyers taking
advantage of the Medicaid program for the poor to finance the
transmission of wealth to their heirs at federal and state taxpayer
expense" - Rep. Henry Waxman (D-CA)
Martin Bayne  46/2