Episode summary

From TV Doctor to Power Broker: Dr. Oz Thrives on Trump’s Team | Bloomberg Businessweek

Bloomberg Businessweek Daily · · 7 min · Hosts: Carol Massar, Tim Stenovec · Guests: Rachel Cohrs Zhang

From TV Doctor to Power Broker: Dr. Oz Thrives on Trump’s Team | Bloomberg Businessweek – Bloomberg Businessweek Daily

Summary

Dr. Mehmet Oz has become a far more influential figure inside President Donald Trump’s administration than many expected, according to Rachel Cohrs Zhang. She said Oz, as CMS administrator, is no longer limited to the technical world of Medicare and Medicaid; he is now getting pulled into major health-policy discussions, including childhood vaccinations and global health affairs, because of his access to Trump and his relationship with Health and Human Services Secretary Robert F. Kennedy Jr.

Cohrs Zhang said the unusual part is not just Oz’s proximity to power, but how effectively he has operated in it. She described him as someone who absorbs details quickly, builds a serious team, and helps translate Trump’s priorities into policy that can actually work inside government. That has made him a trusted operator for both Trump and Kennedy, even as the administration pursues familiar conservative goals on Medicaid and Affordable Care Act subsidies.

She also said the relationship between Oz and Kennedy appears genuinely friendly and low-conflict, which is rare in Trump-world. Rather than trying to outshine Kennedy, Oz has avoided showboating and focused on being useful, a posture that appears to have expanded his role and strengthened speculation that he could be a successor if Kennedy ever leaves.

Key takeaways

  • Rachel Cohrs Zhang said Dr. Oz has moved beyond CMS’s usual lane and is now involved in big health-policy talks, including childhood vaccinations and global health affairs.
  • She said Oz’s value to Trump comes from his ability to digest information quickly and turn big ideas into workable government actions.
  • Cohrs Zhang said the administration is still pursuing cuts to Medicaid funding and may let ACA subsidies lapse, which she expects would raise monthly costs and reduce coverage.
  • She said the Oz-Kennedy relationship is unusually friendly and low-conflict, helping Oz gain influence without undercutting RFK Jr.

Notable quotes

“because Dr. Oz is close to the president and he has forged a friendship with Secretary Kennedy, he gets brought into the room on big discussions”

— Rachel Cohrs Zhang at 1:56

“I think the worst thing to be in the Trump administration is a showboater”

— Rachel Cohrs Zhang at 7:48

“I think it's striking that just how how much they're genuinely friends and how much how little conflict there is in that relationship”

— Rachel Cohrs Zhang at 9:04

“nobody expected Dr. Oz to be this serious um and I guess this effective in his role”

— Rachel Cohrs Zhang at 6:22

“he is someone who goes around the room and seeks the counsel of his adviserss and really listens”

— Rachel Cohrs Zhang at 7:12

How the episode opens

Bloomberg Audio Studios podcasts, radio news. — You're listening to Bloomberg Business Week with Carol Masser and Tim Stenc on Bloomberg Radio. — Hey, listen. Um, we want to switch gear to another great story that's definitely on our radar. Um, nobody's appeared President Trump, but it does feel like Dr. Oz comes awfully close.

Yeah. Check out these similar similarities between the two of them. They're both wealthy television stars of the early 2000s. Check. — Uh, degrees from the University of Pennsylvania. — Check. — They became regulars on the Palm Beach social scene before entering Republican politics.

Check. Check. — And as a member of Trump's administration, Oz remitt has been sprawling. That's according to people familiar with the matter who were quoted and spoken to by Rachel Corzang, Bloomberg News health policy reporter who writes all about how Dr. Oz is thriving.

I had no idea. And I Anyway, let's get — It's the perfect story because it's like, wait a second, we don't think about this. Well, you did interview him at Milkin, right? — I did. I did. But, you know, it's interesting. I didn't realize he was his purview was so like he oversaw so much. Let's get to it with Rachel. She is here. Um, he is the administrator of the Centers for Medicare and Medicaid Services. You write though, he's become the air parent to lead the health department if um RFK Jr. departs. Tell us a little bit about what you found out.

So, I found that typically the CMS administrator really focuses on health insurance. you know, they're running Medicare, Medicaid, these are it's a lot of money and it's really technical programs. It's really wonky. Usually, people don't pay a whole lot of attention to it, but because Dr.

From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →

Topics

  • healthcare policy
  • trump administration
  • health and human services
  • healthcare costs
  • leadership transition

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