Dr. Mehmet Oz had up to $33 million in companies doing business with agency he'd run

Source: USA Today

Published 5:07 a.m. ET Dec. 13, 2024 | Updated 7:57 a.m. ET Dec. 13, 2024


President-elect Donald Trump’s pick to be the top health insurance regulator in the country, Dr. Mehmet Oz, has invested in companies that do business with the agency he would run.

Oz, Trump’s choice to run Medicare, Medicaid and the insurance marketplace under the Affordable Care Act, owned up to $33.7 million stock in these companies when he filed a financial disclosure during his unsuccessful 2022 campaign for Senate in Pennsylvania.

The TV talk show host owned between $280,000 and $600,000 in UnitedHealth Group and between $50,000 and $100,000 in CVS Health, which both provide health insurance plans under Medicare Advantage. He also owned between $5.8 million and $26.7 million in Amazon and between $1.6 million and $6.3 million in Microsoft, two major technology providers for the Centers for Medicare and Medicare Services, the agency he would run.

Accountable.US, a left-leaning group that compiled some of the research, said it reviewed filings with the Securities and Exchange Commission and was unable to find evidence that Oz sold stocks in Amazon or Microsoft since the 2022 filing. “All nominees and appointees will comply with the ethical obligations of their respective agencies,” Brian Hughes, a spokesperson for the Trump-Vance transition, said in a statement to USA TODAY when asked if Oz still owns these stocks.

Read more: https://www.usatoday.com/story/news/politics/elections/2024/12/13/dr-oz-companies-tied-medicare/76917868007/