Listen, hear from the Biden Food and Drug Administration, which finalized a rule by this commissioner on Tuesday Robert Kaliff said, will open up the hearing aid market to competition and “unleash the power of American industry.” This is the right way to lower prices.
The FDA rule will allow Americans to buy hearing aids over the counter instead of a prescription. This will expand the hearing aid market and could save thousands of dollars for seniors. 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 the wholesale cost.
https://www.wsj.com/articles/a-biden-hearing-aid-breakthrough-over-the-counter-food-and-drug-administration-robert-califf-11660683042 A Biden Hearing-Aid Breakthrough – WSJ