Dr. Mehmet Oz said Wednesday that health technology needs to help every social class and not just the wealthy.
The host of the Emmy Award-winning "Dr. Oz Show" appeared on CNBC to announce a partnership to launch a new smartwatch designed to monitor the elderly for heart failure.
"We don't need technology like this that just save[s] the rich people," he said in a "Squawk Box" interview. "We need them to save everybody."
The wearable, called iBeat, has the capability to notify emergency medical technicians. It retails for $249. There is also a $20 per month monitoring fee.