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Mehmet Oz: “If we could reduce fraud by 5%, which is at $300 billion, we…”

Featuring: Mehmet Oz, Republican | Administrator of the Centers for Medicare & Medicaid Services | National

Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse

Published February 25, 2026 | Video Starts at 06:36

We believe. Listen carefully. We are spending $300 billion a year in healthcare in this country for, for fraudulent, abusive or wasteful purposes. $300 billion. Let's put that in perspective. If we could reduce fraud by 5%, which is at $300 billion, we would double [the trust fund's] life expectancy. take the trust fund that's going to take care of all of us as we get older and we would allow it not to expire in five to six years. (06:36–06:48)

CLAIM

Asserts that reducing fraud by 5% could double the life expectancy of the healthcare trust fund.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mehmet Oz

“The average family puts about $27,000 into health care a year.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 05:26-05:32
“We are spending $300 billion a year in healthcare in this country for fraudulent, abusive or wasteful purposes.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 06:24-06:34
“A Behavioral Health Organization in Minnesota received $11.5 million in Medicaid payments, but the top biller submitted 450 days where they…”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 08:52-08:59
“There was a national DME fraud scheme that generated $1.1 billion recently in fraudulent orthotic brace orders.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 13:14-13:22
“There are twice as many durable medical equipment suppliers in South Florida than McDonald's.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 14:10-14:18
“Every single senior in America is going to get $132 extra money this year just from that one thing that we shut down.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 15:37-15:46
“In California there are more hospices, I believe, in Los Angeles county alone than the rest of the country.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 32:56-33:03
“Announces the largest anti-fraud effort of its kind in CMS history.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 05:05-05:17
“There is a fraud scheme in Minnesota where criminals, soon to be criminals, pay moms $1,000 roughly in order to enroll their children as…”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 07:58-08:10
“We identified that they've hijacked, in particular, a certain part of the Minnesota Medicaid system, said differently. And I'll just put the…”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 10:20-10:35
“If Minnesota fails to clean up the systems, the state will rack up a billion dollars of deferred payments this year.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 11:46-11:53
“We're announcing a six month national moratorium blocking all new enrollments for durable medical equipment, prosthesis, orthotics supplies…”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 13:52-14:00
“The amount of fraud is so massive that it's easier to open one of these suppliers than open a bank account.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 14:21-14:28
“We've already stopped a billion and a half dollars of billing [related to DME fraud].”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 14:48-14:52
“We stopped almost $6 billion from leaving the building [due to fraud].”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 16:38-16:46
“On December 7th, we sent a letter to Governor Walts asking for a corrective action plan.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 21:27-21:32
“We issued guidance that we were going to defer income based on an audit of last quarter's money.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 21:42-21:48
“We found that of these high risk services, roughly half of them, you really couldn't trust.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 21:51-21:57
“The 300 billion from the Kaiser Family foundation assessment of estimated 5% fraud in all health care.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 24:57-25:04
“We spend close to $2 trillion, 1.8 trillion of federal monies.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 25:07-25:12
“The federal portion will be about $100 billion.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 25:11-25:15
“It's not fraud. It's fraud, waste and abuse altogether.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 25:16-25:20
“The working family tax cut legislation for the first time in a long time aligned the president and Vice President with the governor.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 31:58-32:06
“Medicaid is run by the state they know their most vulnerable populations.”
Vice President Vance and Administrator Oz Announce Actions to Address Fraud, Waste, and Abuse | Uploaded February 25, 2026 | 32:12-32:16