Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS

Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS


Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz poses for a portrait outside of a poling location during the primary election in Rockledge, Pennsylvania, U.S. May 17, 2022. 

Hannah Beier | Reuters

President-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz, the celebrity TV host physician, 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 Obamacare marketplace exchange Healthcare.gov.

Those four programs account for $1.6 trillion in spending, or nearly 25% of the entire federal budget.

CMS is an agency within the Health and Human Services Department.

Trump last week said he would nominate Robert F. Kennedy Jr., a vaccine skeptic and conspiracy theorist, as HHS secretary.

“Our broken Healthcare System harms everyday Americans, and crushes our Country’s budget,” Trump said in a statement announcing his intention to nominate Oz.

“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.”

 Chiquita Brooks-LaSure is the current CMS administrator.

This is breaking news. Please refresh for updates.



Source

Nvidia shares slump 3% in premarket as quarterly revenue growth slows
World

Nvidia shares slump 3% in premarket as quarterly revenue growth slows

POLAND – 2024/11/13: In this photo illustration, the NVIDIA company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nvidia shares dropped in U.S. premarket trading Thursday after the tech giant’s third-quarter earnings failed to impress investors. Shares of the […]

Read More
Morgan Stanley CEO is bullish on stocks, says the U.S. economy is ‘outperforming’
World

Morgan Stanley CEO is bullish on stocks, says the U.S. economy is ‘outperforming’

Morgan Stanley CEO Ted Pick on Thursday expressed optimism about the stock market, saying that the U.S. economy will continue to outperform in 2025. “The world is still led by the U.S. consumer,” Pick told CNBC’s “Squawk Box Asia” from the Morgan Stanley summit in Singapore. “Corporate balance sheets in the U.S. are on aggregate, […]

Read More
Adani investor GQG Partners’ shares see worst day after Gautam Adani’s indictment
World

Adani investor GQG Partners’ shares see worst day after Gautam Adani’s indictment

Rajiv Jain, founder and chief investment officer of GQG Partners, during an interview in New York, US, on Tuesday, April 4, 2023. Christopher Goodney | Bloomberg | Getty Images Shares of Australia-listed GQG Partners plunged on Thursday to post their worst day on record, after Adani Group Chair Gautam Adani was charged with fraud in […]

Read More