Trump to nominate Dr. Oz to lead CMS
President-elect Donald Trump said he would nominate Dr. Mehmet Oz to lead the Centers for Medicare & Medicaid Services.
CMS operates or oversees health-care programs that provide coverage to about 1 out of every 2 Americans, including Medicare, Medicaid, the Children’s Health Insurance Program and the Affordable Care Act marketplace program Healthcare.gov.
Oz, if confirmed by the Senate, would head up an agency within the U.S. Department of Health and Human Services. The four main CMS programs mentioned above account for $1.6 trillion in federal spending – nearly 25% of the federal budget.
“Our broken Healthcare System harms everyday Americans, and crushes our Country’s budget,” Trump said in a statement announcing his intention to nominate Oz.
'The best results' promised
“Dr. Oz will be a leader in incentivizing Disease Prevention, so we get the best results in the World for every dollar we spend on Healthcare in our Great Country,” Trump said. “He will also cut waste and fraud within our Country’s most expensive Government Agency, which is a third of our Nation’s Healthcare spend, and a quarter of our entire National Budget.”
Oz is the son of Turkish immigrants and graduated from Harvard University and the University of Pennsylvania.
In 2001, Oz became a professor of surgery at Columbia University, and later retired to professor emeritus in 2018.
He became a media figure in 2003, with the Discovery channel TV show, Second Opinion with Dr. Oz. He caught the attention of talk show mogul Oprah Winfrey, making 60 appearances on her syndicated talk show. From there, he branched out into his own show, The Dr. Oz Show, which ran for 13 seasons beginning in 2009.
During his time on TV, Oz was controversial for promoting what some called misleading and false claims about health and science, particularly for his touting the use of hydroxychloroquine to treat COVID-19. He owned stock in two companies that produce the drug.
Oz was the Republican candidate for the U.S. Senate from Pennsylvania in 2022 but lost the election to Lt. Gov. John Fetterman.
© Entire contents copyright 2024 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.


How important is a written financial plan?
Another Medicare carrier stops paying commissions
Advisor News
- Bill that could expand access to annuities headed to the House
- Private equity, crypto and the risks retirees can’t ignore
- Will Trump accounts lead to a financial boon? Experts differ on impact
- Helping clients up the impact of their charitable giving with a DAF
- 3 tax planning strategies under One Big Beautiful Bill
More Advisor NewsAnnuity News
- An Application for the Trademark “EMPOWER INVESTMENTS” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Bill that could expand access to annuities headed to the House
- LTC annuities and minimizing opportunity cost
- Venerable Announces Head of Flow Reinsurance
- 3 tax planning strategies under One Big Beautiful Bill
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- On the Move: Dec. 4, 2025
- Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
- Seritage Growth Properties Makes $20 Million Loan Prepayment
- AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
- AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
More Life Insurance News