Posted on 04/22/2016 11:00:18 AM PDT by governsleastgovernsbest
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!
View the video here.
(Excerpt) Read more at newsbusters.org ...
Losing money on Obamacare? No problem: just have the board of directors figure out a way to make money!
Can Barnicle really be this clueless?
Ping to Liberal Media Criticism list.
If the health insurers did what needs to done to make a profit then the plans would be deemed ‘substandard’ and the profits they make would still be deemed ‘obscene’.
As long as Obamacare is protected law, the only way is to form monotheistic faith based health shares. You get back to fee for service, choosing the best doctors you wish, the docs get paid fairly, and there is $ pooled to help subscribers with catastrophes.
You know, how health insurance was supposed to be a long time ago, more like car insurance.
I love Liberty Healthshare!
Is counterfeiting still illegal?
I don't know much but I have *forgotten* more about health care than Obama & Pals ever knew and we,among others,*did* warn the nation.
More than a few FReepers said the same thing about smoking bans in bars. “Just change the bar’s business model in order to make more money.”
Tyrants hate private property rights and always use the same excuses.
Yes. And then some.
“Journalists,” I have come to realize, are totally ignorant when it comes to mathematics, or numbers, or arithmetic, of any description. I’ve often wondered if business journalists are selected for that duty only because they are the only J-school grads who can actually reconcile a checkbook.
Can anyone find and post that Hillary Clinton quote on how it wasn’t her responsibility if some undercapitalized small businesses went under for being forced to adopt her 1993 version of ObaMaoCare?
If customers are required by law to buy your product, and you still can’t make money selling it, there is a serious problem with the product. It’s time to kill Obamacare.
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