Dr. Mehmet Oz has stated intentions to divest from health care stocks and resign from his advisory role at iHerb, LLC, in preparation for potentially leading the Centers for Medicare & Medicaid Services. This move aims to mitigate conflicts of interest while overseeing significant federal healthcare programs. Having gained fame as a heart surgeon and through the Dr. Oz Show, Oz’s financial disclosures reveal substantial investments in health-related companies, prompting scrutiny from ethics experts who express concerns over potential ambiguities in his divestment plan.
Although Oz is a heart surgeon, he rose to fame in appearances on the Oprah Winfrey Show in the early 2000s and eventually got his own daytime TV program, the Dr. Oz Show.
His ethics agreement says he will divest those holdings within 90 days after confirmation, and that he "will not participate personally and substantially in any particular matter that to my knowledge has a direct and predictable effect on the financial interests of this entity until I have divested it, unless I first obtain a written waiver."
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