I do have a problem with Medicaid because it creates lazy ass people that never prepare for anything. Those on Medicaid tend to be on food stamps, public housing, and every other hand out. All of these hand outs create the problem.
In general I agree, but in my area the average nursing home stay is nearing $7,000.00 per month, and even if you count a retirement benefit and social security payments to be applied to the account, it doesn’t take long to spend much of what many people around here have managed to save. And the costs are variable depending on the level of care needed, so it is not unusual to have an annual fee of $85,000.00 to $100,000.00 in nursing home care.
The average length of stay in a nursing home, if I recall correctly, is just around 2. 5 years. Therefore, the average person will spend upwards of a quarter million dollars on nursing home care. That is way above nearly all of the house values in our county.
The costs are so high that it is inevitable that people become impoverished, and if both husband and wife are in the nursing home at the same time, Katie bar the door.
Most of the people are not slugs, but hard-working laborers and farmers who did not have the good fortune to have Daddy leave them a farm, so they really need the help.
On the other hand, there’s a couple of ‘em I know that...well, I won’t go there.