• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Dr. Oz bats back Democratic attempts to paint him as a ‘snake oil’ salesman in Senate hearing

by March 14, 2025
written by March 14, 2025

Dr. Mehmet Oz was slammed by his detractors during a Senate confirmation hearing Friday on Capitol Hill for promoting unproven alternative health treatments, and one Democrat called it the ‘most ludicrous wellness grifting’ he’d ever seen.   

Oz laid out his plans for the agency, including potential reforms he is considering, during a confirmation hearing in front of the Senate Committee on Finance. The committee will soon vote on whether to advance Oz’s nomination to become the next director of the Center for Medicare and Medicaid Services to the full Senate. 

While Oz’s medical expertise was not widely challenged Friday, his motivations were. Dubbed ‘America’s Doctor’ by Oprah Winfrey, Oz used his TV platform at times to promote alternative health remedies, endorsing questionable weight loss solutions like green coffee extract and raspberry ketones.

Sen. Maggie Hassan, D-N.H., sought to get Oz to admit that his promotion of certain supplements for weight loss, such as green coffee extract, were fraudulent. While Oz admitted green coffee extract is not a miracle weight loss drug, he argued that he never promoted it as such. 

‘There are many things I said on the show. I take great pride in the research we did at the time to identify which of these worked and which ones didn’t. Many of them are still being researched, like the green coffee bean extract you just mentioned,’ Oz told Hassan. The senator then inquired how much he was paid to promote these products, and Oz responded that he got nothing.

But Oz’s claim he wasn’t getting paid to promote the products didn’t convince Hassan, who pointed out press reports chronicling the ‘Dr. Oz effect,’ a phenomenon whereby sales of products he endorsed would skyrocket after being featured on his show. 

‘That was written about by the press,’ Oz told Hassan. Hassan then argued Oz seemed ‘unwilling to take accountability for [his] promotion of snake oil remedies.’

Oz’s financial ties to a litany of companies spanning many corners of the healthcare sector, including nutrition supplements, has been a point of scrutiny for his detractors. In an ethics filing submitted in advance of the hearing, Oz indicated he would divest his holdings in more than 70 companies and investment funds that could pose potential conflicts of interest.

One of those companies is iHerb, an online supplement retailer, which represents one of Oz’s largest financial holdings. According to his ethics filing, Oz’s holdings in iHerb are worth as much as $25 million.  

As the administrator of CMS, Oz would make decisions related to how the government covers procedures, hospital stays and medication within the federal healthcare programs, as well as the reimbursement rates healthcare providers get paid for their services. Oz, if confirmed, could theoretically take action to get federal healthcare programs, like Medicaid and Medicare, to cover a greater number of supplements not already covered. 

A committee vote to decide whether to send Oz to the full Senate has not yet been scheduled. He will need to garner at least 50 votes in the full Senate to be confirmed.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
DOD closes think tank arm marred by ‘inefficiency’ and criticized by GOP for ties to Trump-Russia probe
next post
Biden White House turned over Trump, Pence government cellphones to FBI as part of anti-Trump agent’s case

related articles

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

    September 4, 2025
  • Dow futures fall as oil nears $100, Iran war fuels inflation fears

    March 12, 2026
  • ServiceNow stock flashes a death cross amid rising SaaSpocalypse concerns

    May 18, 2026
  • FBI investigating leak of classified docs on Israeli preparations for possible Iran strike

    October 23, 2024
  • Dem heard screaming at colleagues despite Schumer’s unity claim as shutdown looms

    March 13, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,623)
  • Stock (1,028)

Latest Posts

  • ‘Safer, stronger, and freer’: Securing the border set to feature large in Noem’s opening remarks to Senate

    January 17, 2025
  • Amazon and Nvidia say AI data center demand isn’t slowing

    April 24, 2025
  • Coca-Cola dodges after Trump says soda will switch back to cane sugar

    July 18, 2025

Recent Posts

  • US airstrikes leave a mark on Iran’s nuclear sites, Maxar satellite images reveal

    June 25, 2025
  • Why Blue Owl Capital stock is gaining today?

    March 23, 2026
  • Schumer says Dems will fight voter ID push ‘tooth and nail,’ balks at DHS role in elections

    February 15, 2026

Editor’s Pick

  • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

    June 7, 2025
  • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

    June 5, 2025
  • Speaker Johnson flips script on Dem leaders with staunch warning against government shutdown

    September 25, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock