Dr. Mehmet Oz casually dismissed claims that health insurance premiums were about to skyrocket on Wednesday as lawmakers on Capitol Hill have been sounding the alarms. Oz, who serves as administrator for the Centers for Medicare & Medicaid Services (CMS), was asked about the looming increase in health insurance costs at an event on lowering drug prices. “Unless those tax credits are extended, the subsidies, the average plan will increase for Americans by somewhere around 115 percent. Do you believe that Congress should extend those subsidies so that most Americans do not receive significant increases in their premiums?” a reporter asked, quoting the Kaiser Family Foundation (KFF).
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