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Key Democratic senators, including Elizabeth Warren and Ron Wyden, are questioning Mehmet Oz, known as “Dr. Oz,” about his past support for Medicare privatization and his ties to private health insurers. In a letter, they expressed concerns about Oz’s advocacy for putting all seniors into private insurance plans under Medicare Advantage, as well as his financial interests in the insurance industry. The senators cited a 2020 opinion piece co-written by Oz calling for expanding Medicare Advantage, which they argue could lead to overcharging for care. They also raised questions about Oz’s financial ties to UnitedHealth, the largest private insurer in Medicare Advantage, citing his $550,000 in stock ownership and the company’s involvement in antitrust investigations and Medicare fraud lawsuits.
The letter from the Democrats serves as a preview of the scrutiny Oz will face during the confirmation process to lead the Centers for Medicare and Medicaid Services. They asked Oz if he will continue to support policies that would eliminate traditional Medicare, commit to opposing privatization or cuts to Medicare, and divest from any financial holdings related to the insurance industry if confirmed. The Democrats’ concerns highlight the potential conflicts of interest and financial motivations behind Oz’s past advocacy for Medicare privatization. The Republicans, who hold a majority in the Senate, would need some Democratic support to confirm Oz’s nomination.
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