The Impact of The Debt Ceiling and Rising Healthcare Costs on Physicians

Posted by Gregory F. Murphy, MD | May 2023

Congressman Gregory F. Murphy, MD, presented “The Impact of The Debt Ceiling and Rising Healthcare Costs on Physicians” for the Grand Rounds in Urology audience in May 2023.

How to cite: Murphy, Gregory F. “The Impact of The Debt Ceiling and Rising Healthcare Costs on Physicians” May 2023. Accessed Apr 2024. https://grandroundsinurology.com/the-impact-of-the-debt-ceiling-and-rising-healthcare-costs-on-physicians/

The Impact of Inflation and Medicare Conversion Reduction on Physician Reimbursements – Summary

Congressman Gregory F. Murphy, MD, a practicing urologist and the Representative from North Carolina’s 3rd District, speaks with E. David Crawford, MD, Editor-in-Chief of Grand Rounds in Urology, about the impact of the National Debt and rising healthcare costs on physicians and individual practices.

In this 11-minute conversation, they discuss:

The reason why practices are often targeted for healthcare cuts.
The role of healthcare “middlemen” and insurance companies in the rise of healthcare costs.
The impact of the Debt Ceiling on healthcare practices.

For more commentary on practice management from Dr. Murphy, visit his faculty page.

About The Author

Gregory F. Murphy, MD

Originally from Raleigh, Congressman Greg Murphy graduated magna cum laude from Davidson College in 1985. He attended UNC School of Medicine graduating with Honors. After completing his residency in Urology and Renal Transplantation at the University of Kentucky in Lexington, he and his wife, Wendy, settled in Greenville, NC to begin his practice. Dr. Murphy has been the President of Eastern Urological Associates in Greenville, an Affiliate Professor and Chief of the Division of Urology at the ECU School of Medicine, Davidson College’s Alumni President and served on Davidson’s Board of Trustees. Outside of work, he has traveled extensively for the last 35 years as a Medical Missionary, including to India, several parts of Africa, Nicaragua, and Haiti. Dr. Murphy’s professional career has been primarily one of clinical practice and administrative leadership positions. His surgical practice site is Vidant Medical Center, which serves 29 eastern NC counties. He served for three years as Chief of Staff of the Medical Center. As a newcomer to politics, Dr. Murphy served in the North Carolina House of Representatives from 2015 to 2019. During his second term in the General Assembly, he served as Senior Chair of Health Policy and Chair of Health and Human Services Appropriations. Dr. Murphy was the Primary Sponsor of both the STOP Act and the HOPE Act, North Carolina’s two main legislative actions to combat the Opioid Crisis. He led efforts to combat waste, fraud, and abuse in the state’s Medicaid system which saved the state hundreds of millions of dollars during his tenure. Dr. Murphy was sworn in to the U.S. Representatives in September 2019, replacing the late Congressman Walter B Jones, Jr. He serves on the House Committee on Education and Labor as well as the House Veterans Affairs Committee.

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