Dr. Mehmet Oz on Fixing American Healthcare + Fraud | Live from Davos
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Interview at Davos with Dr. Mehmet Oz, CMS administrator. Hosts note the picturesque Davos setting with solar panels on buildings for aesthetics only. Dr. Oz transitioned from TV host (13 years) and surgery to CMS for greater impact in healthcare change.
I'm in the change business... this is the best job I've ever had because you truly do get to make the change that I desire.
Encourages taking big swings to change infrastructure. Trump administration enables fast action.
Trump moves fast, ships product quickly, creates urgency. In Oval Office meetings, his first instinct is to pick up the phone and fix problems immediately. This administration selects proven experts like Dr. Oz, not career politicians. Leaders must tell the story to media and public due to misunderstandings of impacts.
Three ways to make change:
- Make laws through Congress (slow, compromised results).
- Rulemaking (takes time, prone to lawfare; e.g., fraud-reducing rule enjoined by blue cities, now in court).
- Power to convene: Bring parties together for safe harbor discussions, underused historically. Trump excels as negotiator.
Addresses US paying 10x more for same drugs as Canada/Europe. Trump directs convening drug companies with pressure (rules/projects as leverage) but without harming innovation. US spends 1% of GDP (8% of healthcare spending) on drugs vs. Europe's 0.3%.
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