They advertise them on TV all the time. The ads make it sound like free money. Today's Wall St Journal has a piece that fills in some of the gaps. According to the Journal, the bank gets your house when you die. So much for leaving it to your children. And us taxpayers anti up for program losses, which ran $12 billion since 2009. That's $1.5 billion a year. Ouch.
On the other hand, it's cheaper than nursing homes.
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