Mehmet Oz proposes major changes to Medicare as he is nominated to lead the program

Mehmet Oz has been nominated by President-elect Donald Trump to lead the Centers for Medicare and Medicaid Services. Oz supports a shift towards privatized Medicare, proposing a plan called "Medicare Advantage for All," which could affect millions of Americans. Currently, seniors can choose between traditional Medicare and Medicare Advantage plans. Oz's plan includes a 20 percent payroll tax to fund privatized coverage, raising concerns about costs for low- and middle-income families. Oz's nomination comes amid scrutiny over potential conflicts of interest, as he and his wife hold significant stock in companies that profit from Medicare Advantage. His previous experience as a physician and his focus on healthcare reform are highlighted in Trump's announcement.