Washington (AP) -Clogging of Dr. Mehmet Oz, the Surgeon of the Celebrity’s Heart Nominated by President Donald Trump for Medicare Centers and Medicaid Services, partly swelled by health companies with profit over which he will have significant significant Powers, if confirmed, according to a newly signed government report on ethics.
In the submission, the 64-year-old former talk show promised to get rid of these companies within three months after confirmation and said that until then he would not participate in any matter that could influence his investments.
The net value of OZ is between $ 98 million and $ 332 million, according to a disclosure analysis that lists the values of assets in the range but does not give accurate numbers in the dollar. Oz shoots to glory and made millions of his daily talk show. His latest disclosure shows that he also has millions of dollars in health insurance, fertility, pharmaceutical and vitamins.
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Oz said in the submission that he would sell parts of his significant and varied investment portfolio, which ranges from retail giants like Walmart to technology companies like Apple.
His list of investments includes up to $ 5 million for fertility, a company with a network of fertility clinics; a maximum of $ 100,000 with a pharmaceutical giant abbey; and up to $ 600,000 with the largest health insurer in the country, the United States Group. He also owns up to $ 5 million with NVIDIA, an artificial intelligence company that equipment hospitals.
And his work as an Iherb adviser, a website that sells health and beauty, won up to $ 25 million in shares to the company, which he promised to take away “as soon as possible, but not later than 90 days after confirmation.” He said he would also resign from his position with the company if confirmed.
His investments are touching almost every aspect of the healthcare system, said Lawrence Gostin, Professor of Public Health at the University of Georgetown.
“It has its fingerprints and funding throughout the healthcare system, from services to artificial intelligence to medical products,” said Goshn. “It seems to me that these conflicts are so intertwined in his and his families finances that I do not know how he deviates from all this.”
A Oz spokesman did not immediately respond to a request for comment.
If confirmed by the Senate, the Cz will be responsible for programs that more than half of the country relies on health insurance: Medicaid, Medicare and the Affairs Act.
Medicaid provides almost free healthcare coverage of millions of the poorest children and adults in the United States, while Medicare gives adult Americans and access to disabled health insurance. The affordable care law is the Obama era program, which offers health insurance plans to millions of Americans who are not eligible for health insurance assisted by the government but do not receive insurance through their employer.
As the CMS administrator, OZ will make decisions on how the government covers the procedures, hospital stays and medicines in these programs and the rates of restoration of doctors and other providers receive for their services.
The OZ has filed an unsuccessful offer for 2022 to submit Pennsylvania in the US Senate as a Republican. During the campaign, he called on to expand Medicare Advantage, the increasingly popular version of Medicare, which is managed by private insurers accused of frauding the government with billions of dollars through the program.
Before his turn to politics, Oz was a well -known cardiac surgeon at Columbia University. He rose to the “Oprah Winfrey Show” with appearances, where he discussed weight loss, Botox and anti -aging techniques. In the end, he landed his own show, which was popular, but attracted a deep criticism of the scientific community. Some colleagues at Columbia University have called for his removal because of the claims he made for products on television. Senators also quarreled it during a 2014 hearing because of the weight loss medicines that he promoted
However, he has formed a kinship with Robert F. Kennedy, Jr., who swore last week as the best health officer in the country. Kennedy and Oz shared concerns about pesticides and unhealthy foods.
The hearing of OZ for confirmation to become an CMS administrator is not scheduled.
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