FDA releases long-awaited hearing aid proposal © iStock The FDA is proposing a rule to offer a new category of over-the-counter hearing aids in an attempt to boost accessibility and lower costs for the devices for Americans. The agency announced its proposal on Tuesday that would allow certain hearing aids to be sold over the counter directly to the millions of adults who have “perceived mild to moderate” hearing loss, once it is finalized. Officials expect the proposed regulations to “likely” allow less costly hearing aids to be sold and available to the public, thus increasing competition in the market. Hearing aids can cost thousands of dollars and aren't usually covered by traditional Medicare or private insurance, and advocates argue that making them available over the counter can drastically lower the price. The FDA’s proposal implements the Over-the-Counter Hearing Aid Act, which was signed into law as part of the FDA Reauthorization Act of 2017. Of course, the rule is just a proposal and major pushback is expected from hearing aid manufacturers and audiologist groups. Reaction from senators: Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa), who introduced the 2017 law, praised the FDA’s proposal as “terrific news” in a joint statement. “We’ve just cleared a major regulatory hurdle for over-the-counter hearing aids,” the senators said. “Soon, millions of people with mild to moderate hearing loss will finally have lower cost hearing aid options — and more options mean more competition in the market, further driving down the cost for consumers.” Read more here. |
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