The U.S. Food and Drug Administration on Tuesday issued its long-awaited final rule allowing the sale of over-the-counter hearing aids, a move aimed at increasing access and bringing down costs for millions of Americans.
This means consumers will no longer need a prescription to purchase these types of hearing aids that could be available for online and in retail stores by mid-October. The move is expected to increase competition and eventually lower prices.
In Minnesota, medical device manufacturers were split on the news, with long-established hearing aid maker Starkey disappointed by elements of the final rule while other companies such as Intricon Corp., celebrated it.
Nearly 30 million Americans suffer from hearing loss, but only about one-fifth of those people use hearing aids, according to the FDA.
The average cost for a single hearing aid is currently about $2,000, but some can cost as much as $10,000 a pair. These prices, and the lack of insurance coverage, often prevent hearing loss patients from getting hearing aids.
Tuesday's final rule creates a new FDA medical device category for OTC hearings aids aimed at adults with mild or moderate hearing loss. Devices designed for adults with severe hearing loss fall under its prescription category.
President Joe Biden on Tuesday applauded the FDA's decision, saying in a statement the action makes "our economy more competitive and less concentrated."
Peggy Nelson, a professor of audiology at the University of Minnesota, said the industry and researchers have been waiting a long time for this.