Millionaires Are Qualifying for Medicaid Under Obamacare

Under new rules for Medicaid eligibility implemented under the Affordable Care Act, those with high net worths but low monthly incomes, such as some who own land, qualify for Medicaid

Melissa Quinn, --February 10, 2016

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Millionaires living in states that expanded Medicaid are benefiting from government-sponsored health insurance, and taxpayers are footing the bill for it.
In states that expanded Medicaid, people with high net worths and low monthly incomes qualify for Medicaid because of loosened eligibility requirements implemented under Obamacare. And in rural states like Iowa, Americans who many would consider wealthy are taking advantage of this “loophole” and enrolling in coverage paid for by taxpayers. Jesse Patton, an insurance broker living in Iowa, has had clients with net worths ranging from $2 million to $5 million, which often stem from farmland or assets from divorce settlements. And those clients, he said, are enrolled in Medicaid in expansion states like Iowa. More...

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