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
- 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 NewsAnnuity 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 NewsHealth/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 NewsLife 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