Political speech, timestamped and in context

Mehmet Oz: “Insurance companies who don't comply [with regulations] are out there.”

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

JUST IN: Robert F. Kennedy Jr., Keith Sonderling, Dr. Oz Announce New Healthcare Transparency Rules

Published October 5, 2026

We're going to require plans and insurers to attach to what they publish is complete and accurate because otherwise the system breaks down because people cannot trust the numbers. And we got Insurance companies who don't comply [with regulations] are out there. The reason Andrew Ferguson is going to speak today is this rule is going to make it a lot easier to find and verify who's cutting corners. (28:04–28:07)

STATEMENT

Asserts that some insurance companies are not complying with regulations.

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.

See the main statements from Mehmet Oz in this video

“We have 29,000 websites in America and a lot of Americans don't understand how to interact with their own government.”
Asserts that there are 29,000 government websites in the U.S., causing confusion for Americans.22:41-22:48
“The difference between an MRI scan across United Healthcare insured policies, by the way. So just in one insurance company, one procedure, $350 to $3,000 on the same island.”
Asserts that MRI scan costs vary from $350 to $3,000 within United Healthcare policies in New York City.26:50-27:03
“We've already saved the American people about $1 billion just by putting all those most favored nation drug prices out there.”
Asserts that $1 billion has been saved by making drug prices publicly available.30:49-30:57
“Today, the costs are largely invisible to patients and the companies, as you all know, pricing data hidden in files.”
Asserts that healthcare costs are largely invisible to patients and companies due to hidden pricing data.24:33-24:40
“This new rule that releases today is going to allow price health care plans, pricing data to get packaged and presented to you in a way that's intelligible.”
Asserts that a new rule will make healthcare pricing data intelligible.25:24-25:34
“We're going to make the cost of care visible to everyone, especially to the American people who seem to get left behind in many of these discussions.”
Asserts that the cost of care will be made visible to everyone, particularly Americans.25:33-25:41
“There's going to be an explosion of independent, innovative price transparency applications.”
Asserts that there will be a surge in independent price transparency applications.25:53-25:58
“The health tech ecosystem... has 85 companies... joined this price transparency pledge.”
Asserts that 85 companies have joined a price transparency pledge.26:35-29:27
“Our rule is going to empower all these transparency sites in the room today to sync up and deliver a one stop shop for cost comparison.”
Asserts that the new rule will empower transparency sites to provide a one-stop shop for cost comparison.27:05-27:13
“We're going to require plans and insurers to attach to what they publish is complete and accurate because otherwise the system breaks down.”
Asserts that plans and insurers will be required to publish complete and accurate data.27:57-28:03
“This rule is going to make it a lot easier to find and verify who's cutting corners.”
Asserts that a new rule will help identify non-compliant insurance companies.28:09-28:14
“We're also expanding how people can get personalized cost information.”
Asserts that there will be an expansion in how personalized cost information is provided to people.28:51-28:55
“We're going to get patients real estimates before a major procedure from their own provider on their health plan.”
Asserts that patients will receive real cost estimates before major procedures.29:53-30:01
“We expect to be in production in December with the drug element as well.”
Asserts that a drug pricing transparency initiative is expected to be in production by December.30:14-30:19
“CMS is taking transparency to a whole new level.”
Asserts that the Centers for Medicare & Medicaid Services (CMS) is enhancing transparency efforts.31:20-31:23