Dr. Oz made $1.17 million off a hemorrhoid treatment he promoted in his column [View all]
TV's Dr. Mehmet Oz is one of 17 cardiologists who made more than a million dollars from a drug or medical device company between 2013 and 2014.
That's according to MedPage Today, which parsed an open data set of payments to doctors from industry. According to the analysis, Oz earned $1.17 million from Covidien/Medtronic, which owns HET Systems, the maker of a hemorrhoid therapy he helped develop.
Oz also used his media platform to promote the treatment just ahead of it hitting the market. In one of his syndicated columns with co-author Dr. Mike Roizen, he doled out some advice for how people can deal with their "rhoid rage," including this:
"If you need treatment, a device is coming to the market that makes getting rid of these much less painful: Ask your doc about HET bipolar ligator. (We helped develop this, and its a major reducer of pain in the, well, you know what.)"
http://www.vox.com/2015/7/25/9036205/dr-oz-het-hemorrhoid