Murphy said national discussion needed about profit in medical care
An impasse between
The contract between
Several months ago, the
The
"The fact is that in their boardrooms now, the main conversation is profits over patients. And it's perfectly personified here in eastern
"Here you have a greedy, absolutely just ridiculous profit-over-patients insurance company trying to squeeze pennies out of the people of eastern
Murphy said he prays UnitedHealthcare comes to its senses because the outcome is horrible for patients.
Since the Affordable Care Act, there's been an explosion of vertical integration within the health care system, Murphy said. That means a single company owns or controls multiple parts of its supply chain.
Murphy said it's a main driver of costs because the bureaucracy it creates takes money without providing real benefit to patients.
"At some point, I think the national conversation that has to occur is what is the role of profit in health care," Murphy said.
Should for-profit hospitals be allowed to exist, he asked, and should huge corporations like UnitedHealthcare, the third-largest
"We've just gotten to the point. Yes, we have wonderful factories like this that are providing a much-needed resource for dialysis, which we know in eastern
If the current practices of insurance companies are allowed to continue, rural America will be bankrupted, Murphy said.
"I'm not going to allow that to happen. We can't allow that to happen," he said.



FAQ: What UnitedHealthcare's prior authorization changes could ignite for the industry
OPENING REMARKS BY VICE CHAIR FOR SUPERVISION BOWMAN AT THE FEDERAL RESERVE BANK OF KANSAS CITY'S 2026 FUTURE OF BANKING CONFERENCE
Advisor News
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
- Bank of America community event unpacks sales tax hike, small business struggles
- CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
- How executive benefits impact an estate plan
More Advisor NewsAnnuity News
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
- A new era at the Federal Reserve
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
More Annuity NewsHealth/Employee Benefits News
- Maryland health insurers want to raise premiums an average 13.7% for individual plans in 2027
- Maryland health insurance rates could rise 13.7% in 2027 under proposal
- Millions drop Obamacare health coverage after subsidies expire and costs rise
- Improving how we deliver healthcare in Idaho
- Healthcare system needs a public option
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Misr Insurance Company
- State Farm’s agency overhaul: What distribution can learn
- They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
- How much do state residents need to retire comfortably?
- How executive benefits impact an estate plan
More Life Insurance News