What did you say? Could you repeat that? I’m sorry, I didn’t hear you, once again please.
For some unexplained phenomena in the universe, Republicans and Democrats have miraculously agreed that hearing loss is a major health and wellness issue in America. As a result, the Over-the-Counter Hearing Act of 2017 would allow hearing aids, intended to be used by adults to be sold over the counter has been approved and signed by the President.
The gist of the new act is consumers will have the option of buying an FDA-regulated hearing device at a lower cost than prescription hearing aids.
The Hearing Loss Association of American states that for adults 65 and older, 1 in 3 have hearing loss. Unfortunately, millions of Americans with hearing losses face a stark choice; purchase a hearing aid in a market where the cost of a single devices could cost anywhere fro $2,200 to $6,000 or go without hearing aids.
But due to the cost and difficult steps in getting aids, fewer than 1 in 5 people actually get them, according to the FDA.
For our aging boomer population alone, whom 1 in three need hearing aides, it’s past time to address the high cost of hearing aids. The cost of going without them is also staggering: ISOLATION.
There is the small print for now. The FDA Act requires these devices only be sold over the counter to Americans with mild to moderate hearing losses. Also, the FDA is not known for its rapid progress so it will take another 3 to 5 years to get the devices on the market