lets not lump all those together
SS is supposed to be funded by the Social Security Trust, which is
mainly financed by bonds.
Medicare is funded out of current expenditures of the feds. (there is
no trust fund for this one) (It is considered an entitlement.) (What
you see taken out of your check is for insurance)
Medicaid is funded by both state and federal monies. But Medicaid is
strictly state run. Each state runs it differently (In Tennessee it
is called Tenncare)
If you are a senior and you have no funds and have no place to stay
you qualify for medicaid and can get a medicaid bed at a nursing
home. They accept what the state gives them for your bed plus a
portion (They cannot take 100%) of your SS.
Nursing homes must be certified by the state to have Medicaid beds in
their nursing home.
This is a potential gold mine for politicians as Edwin Edwards found
out when he was Governor of LA. (Now a guest of the Feds)
Stewart
At 07:38 PM 4/18/2009, you wrote:
That is fantasy. These stimulus debts will be with us for dcecades. TARP
is largely a blank check that can be spent on whatever the president and the
Sec. or the Treasury decide it can be spent on. Good times.
Of course, the unfunded liability trifecta of Social Security, Medicare and
Medicaid will make all of this look like a Sunday picnic.
Rev. Stewart A. Marshall
mailto:[email protected]
Prince of Peace www.princeofpeaceozark.org
Ozark, AL SL 82
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