“You could have 2 or more homes, land, vehicles, boats, conceivably even a yacht or a private plance and still be eligible as long as your income is low enough.”
In theory this is true (for Expanded Medicaid eligibility), but in actual fact these cases are quickly publicized as an abuse of the system and the individual drummed out. Happened in my state.
If there is no asset test I don’t know how they could be kicked out of the system ... as long as the person met the (now very low) eligibility requirements.