Democrats sound alarm about Dr. Oz's plan to privatize Medicare

Sen. Elizabeth Warren and six other Democratic lawmakers are pressing for answers from Mehmet Oz, President-elect Donald Trump’s pick to oversee the Centers for Medicare and Medicaid Services. Their concerns have to do with his proposal to privatize Medicare and conflicts of interest if confirmed to lead the health organization overseeing the health care of more than 12 million Americans. 

A letter, signed by Democrats and sent on Tuesday, highlights “stark concerns” about Oz's financial ties of stocks of “at least $550,000 invested in UnitedHealth Group, the largest private insurer in Medicare Advantage.” This would mean “under Dr. Oz’s plan, UnitedHealth Group’s revenue from Medicare Advantage would roughly double to $274 billion annually.”