Murphy said national discussion needed about profit in medical care - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Insurtech
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Insurtech
Insurtech RSS Get our newsletter
Order Prints
May 15, 2026 Insurtech
Share
Share
Post
Email

Murphy said national discussion needed about profit in medical care

Ginger LivingstonThe Duplin Times

An impasse between ECU Health and insurer UnitedHealthcare shows that advances in medical technology like those offered by Nipro can't help when patients can't afford the treatment, Pitt County's congressman said.

U.S. Rep. Greg Murphy, R-N.C., responded to questions about the dispute over reimbursement rates after touring the Nipro Medical Corporation facility under construction on Old Creek Road north of Greenville on Friday.

The contract between ECU Health and UnitedHealthcare expired on Wednesday because they couldn't reach an agreement on reimbursements. The result means that UHC clients must pay higher out-of-network costs for many services at ECU Health.

Several months ago, the U.S. House Ways and Means Committee held a hearing with CEOs of the nation's largest insurers, Murphy said.

The Greenville urologist and surgeon asked about the "ever-increasing egregious practices of insurance companies and the unbelievable amount of money they are amassing," he said.

"The fact is that in their boardrooms now, the main conversation is profits over patients. And it's perfectly personified here in eastern North Carolina, where ECU Health has carried the mantle in the United States of trying to address rural health care," Murphy said.

"Here you have a greedy, absolutely just ridiculous profit-over-patients insurance company trying to squeeze pennies out of the people of eastern North Carolina. It's horrible," he said. "This is the worst example of the greed of the insurance industry, and United has led this."

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 U.S. company by revenue according to Forbes 2025 Fortune 500, be forced apart and divided into smaller businesses?

"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 North Carolina, we have such a large, large population of individuals that need dialysis, but things cost so much," Murphy said. "Where is that cost coming from? What is the value that's given to the patient? How do we keep physicians in practice?"

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.

Older

FAQ: What UnitedHealthcare's prior authorization changes could ignite for the industry

Newer

OPENING REMARKS BY VICE CHAIR FOR SUPERVISION BOWMAN AT THE FEDERAL RESERVE BANK OF KANSAS CITY'S 2026 FUTURE OF BANKING CONFERENCE

Advisor News

  • The McEwen Group Merges with Prairie Wealth Advisors to Form Billion Dollar RIA
  • Guaranteed income streams help preserve assets later in retirement
  • Economic pressures make boomerang living the new normal
  • Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
  • How to listen to what your client isn’t saying
More Advisor News

Annuity News

  • Guaranteed income streams help preserve assets later in retirement
  • MassMutual turns 175, Marking Generations of Delivering on its Commitments
  • ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
  • My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
  • Ameritas settles with Navy vet in lawsuit over disputed annuity sale
More Annuity News

Health/Employee Benefits News

  • HAFA takes legal action against New York state
  • Understanding Advantage Plans and Supplements
  • Dawson County commissioners renew county health insurance after confusion in meeting
  • BEACH BILL TO REQUIRE HEALTH INSURERS TO COVER STUTTERING TREATMENTS ADVANCES
  • Voluntary healthcare cost limits aren't working. Should Rhode Island's insurers face sanctions?
More Health/Employee Benefits News

Life Insurance News

  • Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
  • $150M+ asset sale payout distributed to Greg Lindberg policyholders
  • Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability
  • Pacific Life Launches New Flagship Variable Universal Life Insurance Product
  • NAIFA launches “NAIFA Cares” initiative to help build long-term financial security for children
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet