BMI stands for bull$hit medical intelligence!?

I am 5'6" and weigh 193 but most of it is muscle! I have been working out for over 5 years now and have been told by many that I am in great shape! I took a look at my BMI and it said I am obese! Now yeah I have fat I could lose but in order to be healthy under the BMI I need to lose 40 pounds! That means I would have to drop all of my hard earned muscle but then again I would have 0% fat on my body! What I want to know is if anyone else believes the BMI is a crock and should be taken out of any equation for insurance or if you are in shape or not!