"President-elect Donald Trump's choice to run the sprawling government agency that administers Medicare, Medicaid, and the Affordable Care Act marketplace -- celebrity doctor Mehmet Oz -- may have significant conflicts of interest."
"The agency's scope is huge: CMS oversees coverage for more than 155 million Americans, nearly half the population. Medicare alone accounts for approximately $1 trillion in annual spending."
"Oz also had smaller stakes in CVS Health, which now includes the insurer Aetna, and in the insurer Cigna. It's not clear if Oz still holds investments in health care companies, or if he would divest his shares or otherwise seek to mitigate conflicts of interest should he be confirmed by the Senate."
"It's obvious that over the years he's cultivated an interest in the pharmaceutical industry and has made substantial investments that could lead to potential conflicts as he leads CMS."
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