Mehmet Oz, the nominee for the role of overseeing Medicare and Medicaid under President Trump, has made a significant pledge to divest himself of a large portfolio of valuable stock holdings. These holdings include shares in major companies that have business dealings with the agencies he is set to oversee, such as UnitedHealth Group, the largest private health insurer in the country, and HCA Healthcare, the largest hospital chain.
According to disclosures filed with the Office of Government Ethics, Oz also holds stock in various other companies, including pharmaceutical companies and technology vendors. In a letter dated February 16 addressed to Randall Hall, the designated ethics official for the U.S. Department of Health and Human Services, Oz committed to selling off all of these stocks. Additionally, he pledged to resign from any advisory roles and divest from several investment funds if confirmed as the administrator of the Centers for Medicare and Medicaid Services.
This move by Oz reflects a commitment to transparency and ethical conduct in his upcoming role. By severing ties with these companies, he aims to avoid any potential conflicts of interest and maintain the integrity of his position. This decision showcases his dedication to upholding the highest standards of governance and accountability within the healthcare sector.
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