Senate Passes Bill That Will Make Medicaid Planning More Difficult, Cheney Casts Tie-Breaking Vote

Images_13The Republican-controlled Senate passed legislation to cut federal deficits by $39.7 billion on Wednesday by the narrowest of margins, 51-50, with Vice President Dick Cheney casting the deciding vote. The measure is expected to make many aspects of Medicaid planning and elder law more difficult as it will eliminate some of the popular techniques used to "artificially" impoverish seniors who want to qualify for Medicaid benefits in paying long term care expenses.The House must vote on the bill before it can be sent to President Bush for his signature. According to the Associated Press, passage is all but certain, but the timing remains in question, since most House members have returned home for the holidays. The SmartBlog will post an interview this evening with ElderLawAnswers’ Harry Margolis on what impact he expects the new law to have on elder law and Medicaid planning practices. 

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