• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Dr. Oz becomes next head of Medicare and Medicaid Services following approval from full Senate

by April 3, 2025
written by April 3, 2025

Dr. Mehmet Oz will serve as the next administrator of the Centers for Medicare and Medicaid Services after the full Senate voted along party lines to confirm his nomination on Thursday. 

The former daytime TV doctor turned politician will be in charge of nearly $1.5 trillion in federal healthcare spending. His duties will entail overseeing Medicare, Medicaid and the Children’s Health Insurance Program (CHIP), including directing decisions related to how the government covers procedures, hospital stays and medication, as well as the reimbursement rates at which healthcare providers get paid for their services.   

Medicare is a federal healthcare program for seniors aged 65 and up, and currently provides coverage to about 65 million Americans, according to the Center for Medicare Advocacy. Medicaid, a public health assistance program for people with low incomes, covers roughly 72 million Americans, according to Medicaid.gov. Meanwhile, CHIP, which provides free or low-cost health coverage for eligible low-income children and family members, assists around 7.2 million individuals. 

A graduate of Harvard University, Oz received medical and business degrees from the University of Pennsylvania. He is a former heart surgeon who saw his fame rise through his appearances on daytime television, including ‘The Oprah Winfrey Show,’ and 13 seasons of ‘The Dr. Oz Show.’

Oz later transitioned into politics, launching an unsuccessful bid for Pennsylvania’s open Senate seat in 2022. He lost to John Fetterman, then the state’s lieutenant governor.

‘Dr. Oz has a strong desire to modernize CMS and encourage healthy lifestyles for all Americans, including by focusing on the underlying causes of chronic disease and implementing innovative technologies,’ Senate Finance Committee Chairman Sen. Mike Crapo, R-Idaho, said Thursday.

Crapo, who led Oz’s nomination process at the committee level, commended Oz for his ‘diligence and accessibility’ throughout the process, including his willingness to answer ‘hundreds’ of questions for the record.

Those questions came from both Republicans and Democrats. They included asking about Oz’s stance on abortion, transgender medical treatments, Medicare privatization, prescription drug pricing and more. Potential financial conflicts of interest were also a concern among Democratic lawmakers throughout Oz’s confirmation process. Oz has committed to divesting any holdings that may pose an issue. 

Thursday’s confirmation comes as the Trump administration continues to work to finalize the rest of its political appointments, including notably the president’s pick to be the next United Nations ambassador and his pick for director of the Consumer Financial Protection Bureau. 

Per The Washington Post’s ‘political appointee tracker,’ there are currently still 233 nominees being considered by the Senate.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Waltz’s Signal chat woes snowball as Trump admin defends national security advisor
next post
Trump confirms National Security Council firings as Waltz’s Signal chat woes snowball

related articles

RNC gets day at Supreme Court to challenge...

November 12, 2025

Rick Scott calls Democrats ‘heartless’ as he pitches...

November 12, 2025

DAVID MARCUS: The 3 issues driving far-left’s split...

November 12, 2025

Michelle Obama reveals ‘infuriating’ moment on Air Force...

November 12, 2025

Longest government shutdown in history nears likely end...

November 12, 2025

Trump makes formal request to Israeli president to...

November 12, 2025

Scalise reveals post-shutdown GOP battle plan as House...

November 12, 2025

Reagan-appointed judge resigns in protest of Trump, warns...

November 12, 2025

Bill to end government shutdown survives key hurdle...

November 12, 2025

Republican erupts at Democrat during shutdown hearing: ‘My...

November 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Bitcoin Price UK May Surge If Britain Sells Their £4B Stash

    July 23, 2024
  • A major swing in these voter groups helped carry Trump to victory

    November 13, 2024
  • Taiwanese people ready to fight as China ramps up aggression, ambassador says

    October 4, 2024
  • Republican uses George Washington, American Revolution to reject notion Ukraine should surrender to Russia

    April 17, 2025
  • Party City to close all of its stores, report says

    December 21, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025

Categories

  • Economy (829)
  • Editor's Pick (6,750)
  • Investing (634)
  • Stock (949)

Latest Posts

  • Why the LA Rams are worth $2 billion more than the LA Chargers

    September 6, 2024
  • Father and son fraudsters sentenced in case of $100 million New Jersey deli

    May 13, 2025
  • Biden delivers strong speech touting NATO amid health questions, Democrats’ concerns

    July 10, 2024

Recent Posts

  • Pakistan warns of a ‘nuclear flashpoint,’ urges Trump to step in amid rising tensions with India over Kashmir

    May 2, 2025
  • US ends terrorist designation of Syrian militant leaders

    July 7, 2025
  • Senate unanimously passes bill bolstering presidential candidates’ Secret Service protection

    September 24, 2024

Editor’s Pick

  • Pete Hegseth says he had ‘substantive conversation’ with Joni Ernst as Trump signals support

    December 7, 2024
  • 5 key takeaways from Kamala Harris’ ’60 Minutes’ interview

    October 8, 2024
  • Snoop Dogg wows Trump inauguration Crypto Ball with Bob Marley song

    January 19, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock