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The federal government has made it a requirement for states to implement an estate recovery program for Medicaid in the Omnibus Budget Reconciliation Act of 1993. [10] [1] That was done with primary concern towards recipients who received long-term care services, which had required the applicant to have very low asset levels.
Asset recovery, also known as investment or resource recovery, is the process of maximizing the value of unused or end-of-life assets through effective reuse or divestment. While sometimes referred to in the context of a company undergoing liquidation , Asset recovery also can describe the process of liquidating excess inventory , refurbished ...
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This lack of information has been identified as a key problem by a number of countries at the first meeting of the UNCAC Open-Ended Working Group on Asset Recovery held in Vienna in August 2007. The ICAR hosts an online learning platform on asset recovery [ 25 ] that includes technical publications, news articles, case studies, and individual ...
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