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Dr. Oz dodges questions on Medicaid cuts during Senate confirmation hearing - MarketWatch

1. Mehmet Oz expressed support for Medicaid but avoided direct questions on potential cuts. 2. CMS oversees a $1.5 trillion budget affecting over 155 million Americans' healthcare. 3. The House approved a budget that could impose $880 billion in savings, risking Medicaid cuts. 4. Oz criticized high costs of Medicare Advantage, indicating potential changes in healthcare financing. 5. His ownership of UNH stock highlights a financial interest in Medicare Advantage markets.

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FAQ

Why Bullish?

Oz's advocacy for Medicare could stabilize or expand Medicare Advantage, benefitting UNH revenues.

How important is it?

The connection of Oz to UNH via stock ownership and healthcare changes makes the article significant.

Why Short Term?

Immediate market response possible to Oz's statements influencing policy in the coming months.

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