From WSJopinion: An FDA rule will let Americans buy hearing aids over the counter rather than by prescription. It’s the Biden Administration’s best move on regulation to date, though opening up the hearing-aid market has been a bipartisan effort.
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Reuters/Shutterstock/Zuma Press Composite: Mark KellyHear, hear to the Biden Food and Drug Administration, which on Tuesday finalized a rule that Commissioner Robert Califf said will open up the hearing-aid market to competition and “unleash the power of American industry.” This is the right way to reduce prices.
The FDA rule will let Americans buy hearing aids over the counter rather than by prescription. This will expand the hearing-aid market and could save seniors thousands of dollars. The four largest manufacturers control 84% of a relatively small market. In 2019 the average retail price of a hearing aid was $2,284, about three times more than the wholesale cost.
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Best Buy to sell over-the-counter hearing devices this fall following change in FDA regulationBest Buy will begin selling over-the-counter hearing devices as early as mid-October following a new FDA rule.
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FDA moves to allow many Americans to buy hearing aids without a prescriptionU.S. regulators have finalized a long-awaited rule that's expected to allow millions of Americans to buy hearing aids without a prescription. hearingaids alabamanewsnetwork
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FDA allows over-the-counter sales of hearing aids without doctor exam or referralMillions of Americans could have access this fall to less expensive hearing aids sold over the counter without a required doctor exam and prescription.
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