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Medicaid madness:"Look-back" period creates financial hardship for many Americans - DailyFinance

Medicaid madness:"Look-back" period creates financial hardship for many Americans - DailyFinance | Coffee Party News |
When Dan Callahan, a public relations professional from Missouri, learned in 2003 that the Medicaid qualifications were going to get tougher, he and his
Coffee Party USA's insight:

The stripping away of the dignity of an individual and their family by demanding poverty to receive care is a sentence to hell on earth.


Those not rich must give everything they ever gained in life away while they are healthy and before they fall ill or have everything seized and taken from them but about 5 pieces of clothing and half a room with a bed. This IS the fate, the sentence, and the penalty of ordinary elderly Americans of average means. If that makes you afraid to grow old or sick…Well it should scare you because it IS a scary nightmare and that is why we NEED TO FIX IT!!


Many elderly loose their wealth through blundering or thievery of family or others, including legal advisers, they entrust it to early. But if they do not give it away early enough they must completely impoverish themselves and basically become owned by the medical system and/or wait to die. They must pay all they have to the medical system then wait to die or give it to someone they think they can trust with it if they don't require medical help and are lucky enough to die quickly in their own bed all of a sudden. Those that sign everything over to family sometimes find they lose their life long earnings because that family member runs into hardship and all is still lost. The family in hardship might be young enough to recover but the old or sick do not have that hope.


. The old or sick cannot wait too long to sign everything over to the family that could be their only option to live with or seek help from other than the street. Those that fail to hoard enough wealth during their life time must accept a fate worse than many murderers, Wall Street embezzlers, or at least they must accept the same sentence as those that do evil deeds as a price one must pay for living to become old or failing to stay healthy. Woe to the one that outlives the family...That person must be very rich or stay healthy not to become the property of the state before death. Maybe the Republicans can give that person a shoestring....If it sounds like I’m blaming Republicans…well, they did win that fight and they were proud of it, so I am blaming them.


The first fight Obama caved in on was the provision in the affordable healthcare act that would have prevented people from becoming bankrupt and impoverished due to sickness or living too long and becoming old and needy. Even temporary illness in old age can cause one to lose everything fast and permanently. The Republicans went after the ill and the old first ensuring this fate was held in place for them.


We need to put that protection from total poverty due to illness or sickness back into the Affordable Care Act and soon! I know families that are forced to give up even their handicapped children to the state or impoverish the whole family to receive care for that child. I know parents that join the military because they have family members who would not be able to get care with most family plans without bankrupting the family or might in fact otherwise die if the parent did not join the military for medical care. 


The Republicans also attacked the "death panels" that would have been legal advisors that would have been made affordable or maybe even hired as public servants to guide the ill and aging through this legal maze of being old or very sick. This might have been put in place as a public service to all, rich and poor. This was the second fight Obama gave up on and the other fight all of us need to take back up, win and restore to the Affordable Care Act.


Most families find out all this only when it is too late and most families don't have family lawyers unless they are very rich or have a family business... Many don't know whom to turn to and turning to the wrong lawyer can actually kill you or leave you worried and fretting till you die from that. What are the odds of any of Americans becoming old or sick? This mattered and still does matter to every one of us. The stripping away of the dignity of an individual and their family by demanding poverty to receive care is a sentence to hell on earth.



Jacqueline Laurette Jones's curator insight, November 19, 2013 8:00 PM

A Certified Elder Law Attorney might be able to help you keep more of your money. Find one near you at

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Derivatives - The Unregulated Global Casino for Banks

Derivatives - The Unregulated Global Casino for Banks | Coffee Party News |


A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else. Ex- A derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards and roulette, you bet on future values and performance of practically anything that holds value. The system is not regulated what-so-ever, and you can buy a derivative on an existing derivative.

Most large banks try to prevent smaller investors from gaining access to the derivative market on the basis of there being too much risk. Deriv. market has blown a galactic bubble, just like the real estate bubble or stock market bubble (that's going on right now). Since there is literally no economist in the world that knows exactly how the derivative money flows or how the system works, while derivatives are traded in microseconds by computers, we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times, that will be catastrophic for the world financial system since the 9 largest banks shown below hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout. Lets take a look at what banks have the biggest Derivative Exposures and what scandals they've been lately involved in. [MORE]

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Don't Get Fooled Again

Don't Get Fooled Again | Coffee Party News |

TAYLOR LINCOLN, Huffington Post

Revisiting the lessons from deregulating derivatives is particularly important right now because Congress seems to have forgotten them. A report we just issued provides a road map of how derivatives wrecked the economy in 2008 and could do so again if Wall Street gets its way.

Nine bills that would roll back the derivatives reforms created in the wake of the financial crisis are moving in Congress. These proposals, most of which have already passed in committee, have been put forth in the name of furthering the competitiveness of U.S. companies and creating jobs for Main Street. These are quite brazen claims, since deregulating derivatives arguably did more to harm economic competitiveness and job creation than anything Congress has done for a very long time.

Here is the history, in brief: At the end of the Clinton administration, financial derivatives were relatively new and sat in a regulatory netherworld. In practice, they were not regulated. But they bore all the hallmarks of traditional futures, which by law must be traded on regulated exchanges. [MORE]

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