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Congressional Daily Record
This section captures a floor statement or debate entry. It mentions members such as Gregory Francis Murphy.
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June 23, 2026
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Download official House Record PDFReturn to issue contextMr. Murphy of North Carolina was recognized to address the House for 5 minutes.)
Mr. MURPHY. Mr. Speaker, I rise today to continue to shed light on the egregious, unethical, and deliberately unscrupulous practices of our health
I have spent 35 years taking care of patients. The amount of treachery in the healthcare industry at this point in time continues to boggle my mind.
representatives from the Nation's leading insurers. There was bipartisan outrage against what they are doing to the American patient and the American taxpayer.
the ever-increasing, insurance-company-driven middleman apparatus. These megacorporations are squeezing every last penny out of patients and physicians, all in the name of profit.
taxpayer is subsidizing stock buybacks by the United States' largest health insurers. A buyback is when companies, flush with cash, our cash, are buying back their own stock.
took in nearly $1.7 trillion in total in revenues, yielding over $50 billion in profits. The true number was much higher because of the way they hide their finances.
record sums of American taxpayer dollars. In fact, UnitedHealthcare now gets more than three-quarters of its revenues from government programs, even though it covers almost twice as many people in its commercial plans. No wonder they lobbied so hard to keep the ObamaCare subsidies in place. They love that taxpayer Federal dollar.
have spent on their own stock buybacks. Instead of using money to lower the cost of care for patients across the country, they pump it in to boost up their own profits.
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In 2015, the top seven companies spent more than $137 billion buying back stock shares. United has more than 50 percent of these buybacks, and guess who makes the most profit? United does. They are flush with cash—so flush, they even own a bank.
Why is this important? As they buy back their own stock, it makes their stock more expensive, drives up earnings, and, guess what, makes their executives richer because of their compensation plans. It is all at the expense of patients.
conglomerates that have swallowed up nearly every part of our healthcare system. Mark Cuban and I agree completely. The middleman is destroying American medicine.
As it stands, we are now allowing an oligopoly to take nearly $2 trillion from the American people, while making it more expensive and harder to access healthcare.
other customer goods and services. I believe that patients must take responsibility for their well-being, but I also think it is a marked way that we incentivize making people healthier. I also understand that people cannot afford healthcare right now.
life, even the most robust and healthy individuals. A visit to the emergency room should not be a life-altering financial event.
sentence because of the cost of care. Access to a lifesaving medicine that sustains your life should not bankrupt you.
I am an equal opportunity offender. I will go after any entity in the healthcare industry regardless that is causing the cost of healthcare to be so expensive. These greedy and egregious practices of our health insurance companies top the list.
day because these companies want to save a buck. They want to save a buck to buy back their stock and increase their profits.
one in Washington, D.C. But fortunately, the American people are waking up. They are waking up to the nonsense and demanding change.
I have dedicated my entire life to taking care of patients. I am happy to take on this fight. We cannot deal with this anymore. The insurance industry is destroying American healthcare.