Before Obamacare, health insurance companies routinely denied to sell policies straightly to sufferers who had illnesses such as AIDS, hepatitis C or heart disease.
It should be no surprise to anyone, then, that once the Affordable Care Act needed insurers to give insurance to sick persons, a lot more sick people signed up.
That is the basic conclusion of a latest report on health insurance customers from the Blue Cross and Blue Shield Association analyzing health insurance for 4.7 million Americans in 27 states and the District of Columbia. The report, which indicates that new consumers are sicker and costlier than people in the old individual insurance market, made a big splash on the day of Wednesday, because it implied that the Obamacare markets are more troubled than many had hoped.
The issue with the report, however, is that it does not really tell us how Obamacare has affected the individual insurance market. It does not say how expensive it was to pay the medical bills for the whole group of people who bought their own health insurance.
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