It helps lower cholesterol. Regular oatmeal is better for that than instant. It also has a lot of fiber so it also helps people who are constipated. Eating lots of fiber can also help prevent colon cancer. Soaking in a bath with some oatmeal can soothe hives, poison oak or bee stings. For a bee sting you can make a thick paste and spread it over the sting to soothe the pain and draw out the venom. A thick paste of baking soda and water can also help a bee sting.