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Barnicle’s Brilliant Solution to Insurers Losing Money on Obamacare: Find Way to Make Money

Posted on 22 April 2016

Mike Barnicle prefaced his remarks on Obamacare by saying his understanding was "meager." He was grossly . . . overstating his knowledge. The subject in the Morning Joe segment today was UnitedHealthCare's decision to quit the Obamacare exchanges. Dr. Dave Campbell explained that UnitedHealthcare was going to lose $1 billion on Obamacare this year, and that all other insurers were also losing money.

That's when Barnicle piped up: "my understanding of it, meager as it is: so it's the profit motive that's going to drive these insurance companies out of the exchanges. They have boards of directors. They can't figure out how to retool their approach to it in order to make [money]?" Brilliant! Absolutely brilliant, Mike! Why didn't UnitedHealthcare think of that? If there's a problem with that profit-motive thingy, just have the board of directors figure out a way to turn a profit. Problem solved!