Donald Trump names TV doctor Mehmet Oz as medicare, medicaid chief

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Donald Trump names TV doctor Mehmet Oz as medicare, medicaid chief - Business Standard

Quick Summary:

The pick adds uncertainty for the companies that rely on federal health programs for revenue, from the largest US insurers like UnitedHealth Group Inc.and Elevance Health Inc.to large hospital operators like HCA Healthcare Inc.

President-elect Donald Trump nominated celebrity doctor Mehmet Oz to lead the Centers for Medicare and Medicaid Services.

The appointment “falls under the ‘burn it all down’” ethos Trump is tapping for health officials, said David Amsellem, a pharmaceutical analyst at Piper Sandler, in an email.