This new hearing aid rule could save Americans as much as $3,000 per pair.
goes into effect Oct. 17 and makes hearing aids available for over-the-counter purchase, with no prescription required.
"The rule is expected to lower the cost of hearing aids, furthering the Biden-Harris Administration's goal of expanding access to high-quality health care and lowering health care costs for the American public," the FDA said in an official."It is designed to assure the safety and effectiveness of OTC hearing aids, while fostering innovation and competition in the hearing aid technology marketplace.
Under this new rule, over-the-counter hearing aids will be available to those with self-perceived mild to moderate hearing impairments — there's no requirement to receive a medical exam or prescription in order to purchase a hearing aid online or from stores.to ensure the FDA made OTC hearing aids available, but it was not fully implemented until this year.
"Reducing health care costs in America has been a priority of mine since Day One and this rule is expected to help us achieve quality, affordable health care access for millions of Americans in need," said Health and Human Services Secretary ."Today's action by the FDA represents a significant milestone in making hearing aids more cost-effective and accessible."This will lower the price of a pair by nearly $3,000 – providing more breathing room for an estimated 30 million Americans.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart is now selling over-the-counter hearing aids after FDA rule change | CNN BusinessWalmart announced Monday that its customers can for the first time buy over-the-counter hearing aids without a prescription and medical exam by a doctor.
Read more »
New FDA Guidance Aims to Boost Access to Opioid-Reversal DrugUnder new guidance, harm reduction programs distributing naloxone will be exempt from certain federal requirements in an effort to increase access to the opioid antidote.
Read more »
FDA pushes to remove pregnancy drug, company pushes backThe maker of a drug intended to reduce premature births is making a last-ditch effort to keep its medication on the market, even as health regulators insist that it doesn’t work
Read more »
Hearing specialist weighs in as over-the-counter hearing aids hit store shelvesThe FDA recently approved over-the-counter hearing aids, which are now available in stores.
Read more »
Company pushes back against FDA efforts to remove pregnancy drugA Food and Drug Administration meeting that opened Monday comes more than two years after the agency declared the drug Makena ineffective and called for its removal.
Read more »