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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: intercst ⎊  😊 😞
Number: of 1355 
Subject: Re: Forced Reirement at 50 with no Health Insurance
Date: 10/03/26 9:15 PM
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<<
My brother-in-law was on Medicaid. After seeing that, no one would voluntarily go on Medicaid. >>

About 90% of the nursing homes in the US accept Medicare/Medicaid, and many are excellent. No the doubt the Ritz Carlton Collection nursing homes don't, but few can afford that anyway.

tripadvisor.com - ShowUserReviews The Ritz Carlton Sarasota Sarasota Florida

The way it works is that, an excellent nursing home might have 100 beds, but only certify 20 for Medicare/Medicaid. There's a long waiting list for the Medicaid beds.

If you want to become a resident of the facility, they check your finances and see how many years of full charge private-pay you can afford. You might have to be good be several years and hundreds of thousands of dollars of private-pay care to get to the top of the waiting list for entry. But if you eventually run out of money, they don't kick you out.

So you don't need to be wealthy enough to pay for 20 years of Alzheimer's private pay care. You just need to wealthier than the other people on the waiting list.

intercst
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This community has written 1,284 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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