A new bill introduced by House Republicans would make sweeping cuts to Medicaid—reducing funding by hundreds of billions over the next decade. The proposal includes adding work requirements, reducing support for certain groups, and making it harder to qualify altogether. Nationwide, it could push more than 8 million people off their coverage, according to early estimates. But the impact here in Massachusetts? It could be devastating.
One of the most alarming changes is the proposal to deny Medicaid to anyone who owns a home valued over $1 million. On paper, that might sound like a lot—but here in Massachusetts, it’s not. Home values have exploded in recent years. Modest, middle-class homes in the suburbs are now hitting that million-dollar mark, thanks to skyrocketing prices. These are people who are “house rich, cash poor.” They’ve worked their whole lives, paid off a mortgage, and now might be punished for it—cut off from benefits they truly need, just because their home appraised too high.
And let’s not forget—Massachusetts already has some of the most expensive living costs in the country, one of the lowest thresholds for estate taxes, and the added burden of the new Millionaire’s Tax. It’s already hard enough for seniors and families to protect their assets. This proposed Medicaid overhaul would just make it worse.
Read the full details here:
