Another Reason to Hate the Boomers

Building on my well-documented issues with baby-boomers, my friends at the John Locke Foundation alert me to a report that IDs boomers as the stumbling block to Medicaid reform too, placing boomers at the intersection of all three major federal entitlement cluster-humps.

The idea is that since Medicaid now functions as a kind of long-term care catch-all for seniors, especially for costly nursing home care, the program has become inheritance insurance for baby-boomers. One possible fix: Require seniors with real estate assets to first draw-down their home equity with a reverse mortgage before they can be considered needy enough to enroll in Medicaid.

The sound you just heard is all the boomers crumpling up their inheritance-fueled vacation home plans.