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Mehmet Oz: “We were able to bring together the large insurance companies…”

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

Make America Healthy: Keynote and Fireside Chat with CMS Administrator Dr. Oz

Published July 10, 2025 | Video Starts at 27:02

And that power to convene is important. And I'll give you a concrete example. Last week many of you read that We were able to bring together the large insurance companies in America. They represented in the room about 75% of all covered lives in America, 257 million lives. And I want to applaud Chris Klump, who did the heavy lifting to pull these groups together. He's the director of center for Medicare. (27:02–27:12)

CLAIM

Asserts that large insurance companies representing 75% of covered lives in America were brought together.

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

“91% [of Medicaid patients] have smartphones.”
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“$15 [billion] was attempted to be stolen from our country by mostly foreign operatives.”
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“We only paid out about $3 billion. Only 15 billion was what was efforted. They stole about 20% of it.”
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“One half of all the money, more than one half, all the money that the federal government recovers for fraud, waste and abuse is from CMS and…”
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“You know how many engineers CMS has? 13.”
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“49% of doctors respond to prior auth requests with paper.”
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“I've been up most of the night dealing with the reconciliation bill, which is making its way through the Senate.”
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“Many of the issues that are being raised by senators and me talking to Congressmen as well, since they'll be next, hopefully are the ones…”
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“The number one increasing budget item in most states is Medicaid.”
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“Nationally we are dealing with the reality that we spend twice as much per capita on health care than any other country.”
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“Last year Medicare fee for service grew 9%.”
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“We doubled our expenditures in [Medicaid] in the last five years.”
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“We released the trust fund data for Medicare and the prediction now that we don't have 10 years of runaway, we have seven years of runaway.”
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“The worst case scenarios have the [Medicare] system going bankrupt, the trust fund part a going bankrupt in 2029.”
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“The United States [has] a shorter life expectancy than European countries by about five years.”
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“It is our belief that we will have a minimal viable product available within a year that will allow us to talk to patients on a smartphone.”
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“These folks voluntarily agreed to completely revisit and if necessary, revamp prior authorization.”
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“Insurance companies got together and said, we agree we've got 15, 16,000 common procedures. We have maybe 6,000 that get prior auth, but…”
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“They committed by the end of this year to be able to revamp prior authorization.”
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“This was the largest action ever in our country for fraud, waste and abuse.”
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“One half of the money we recover at CMS is driven by tips received from whistleblowers.”
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“This is the 10th anniversary of Macra and we've learned about MIPS, we've learned about the APMS, we've learned a lot.”
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“Number of physicians and advanced payment models is increased. I think it was 125,000 people when the program started 10 years ago. Now…”
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“With that in mind, I want to take you deeply into an area that we think is fundamentally important to this movement and that is the…”
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“I was told not to talk to the big EMRs because they don't want interoperability.”
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“I guess I'm suspecting 85% of doctors have EMRs.”
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“I mentioned earlier that we want to give patients the right to opt out.”
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“The reason I was told, physicians, back to the point, about 49% of us actually responding with paper, the reason I was told that they don't…”
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“We've spoken to the largest AI companies on the planet. They all assure us the Gentek AI is here.”
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“If I see someone at six in the evening with a cough, I don't have to figure out how to schedule an X ray with their insurance company.”
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“The penalty for not unlocking [healthcare] data becomes even greater.”
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“The two biggest predictors of cost and quality because they are linked, are not having another person in your life [and] loneliness.”
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“The second issue, which is you don't read English well.”
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“When the DOJ is telling me that one half of all the money recovery is directly linked to whistleblowers.”
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“There was a cardiologist in Nevada and Georgia seeing a patient at the same time in person.”
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“There was a clinic that was billing millions of dollars for skin substitutes. The clinic was a psychiatrist clinic, mental health clinic…”
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“Medpax was estimating 6 billion just in low value care, there's not even waste.”
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“Foreign governments are trying to hurt America and they're using CMS to get to our most vulnerable to steal from us.”
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