WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday that he had chosen celebrity doctor Mehmet Oz to serve as administrator for the Centers for Medicare and Medicaid Services.
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“Our broken Healthcare System harms everyday Americans, and crushes our Country’s budget,” Trump said in a statement. Saying Oz would be a leader in “incentivizing disease prevention”.
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Many of the nation’s largest health insurance companies have made billions of dollars in profits by overbilling the U.S. government’s Medicare Advantage program. A New York Times investigation has revealed that under the Advantage program, health insurance companies are incentivized to make patients appear more ill than they actually are. Some estimates find it has cost the government between $12 billion and $25 billion in 2020 alone. We speak with former healthcare insurance executive Wendell Potter, now president of the Center for Health and Democracy, who says Medicare Advantage will be recognized in years to come as the “biggest transfer of wealth” from taxpayers to corporate shareholders, and blames the lack of regulation over the program on the “revolving door between private industry and government.”
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It is also important to remember that there are many Americans that have been unemployed for so long that they are no longer eligible to receive benefits.
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