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Biden’s July 2021 “ Executive Order on Promotion of Competition in the American Economy” authorized the FDA to issue the final rule. “We support the FDA’s proposed rule, which will expand access, reduce costs and ensure a robust new market for safe and effective OTC hearing aids – and urge the FDA to finalize a robust rule that is consistent with the intent of our Over-the-Counter Hearing Aid Act.”Ĭongress approved the legislation, but the FDA under Trump didn’t issue rules to allow it to take effect. Not only that, they used “astroturf lobbying tactics to weaken the FDA’s proposed rule, harming American consumers,” they wrote in June. Charles Grassley (R-IA) and Elizabeth Warren (D-MA), who have been leading the charge for affordable hearing aids since 2017, released an investigative report in June that the top five hearing aid manufacturers control more than 90 percent of the market. The Biden administration says allowing over-the-counter sales of hearing aids could increase competition in a highly concentrated marketplace. “Given that this has been discussed for five years now, I suspect businesses have had the opportunity to think about their plans and prepare for this,” she said. Over-the-counter hearing aids could be available for as little as $600 a pair, according to Wired. The cost of hearing aids stops many Americans from getting hearing aids, “increasing the risk of isolation, depression and other health issues,” AARP executive Nancy LeaMond said in a story on the organization’s website.Ĭurrently, audiologist-prescribed hearing aids cost anywhere from $1,000 to upward of $14,000 a pair, including exams, fittings and followup services. Most insurance plans don’t cover hearing aids, and Medicare pays for the exam only.
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“We always advise people who notice hearing loss to see a licensed hearing healthcare professional who can look in the ear for earwax or other causes of hearing issues and possibly do a hearing screening,” Michele Michaels, a hearing health care program manager at the Arizona Commission for the Deaf and the Hard of Hearing in Phoenix, told Forbes. Hearing loss can be a sign of an underlying health condition, including diabetes, cardiovascular disease or chronic kidney disease. At the West Los Angeles Best Buy store, dozens of people even camped out through the night.People with mild to moderate hearing loss may still want to see a hearing specialist or their primary health physicians, even if they don't need a prescription to obtain a hearing aid, according health professionals. However, the event also generated massive lines at company stores across the country. Instead, they could wait in line in-person for a chance to buy the product. This gave consumers a way to avoid competing with scalper-run bots for the GPU supplies.
Last week, Best Buy took a different approach with Nvidia’s RTX 3080 Ti: The retailer decided to exclusively sell the Founders Edition card at retail stores only.
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The sale occurred as Best Buy decided to sell the RTX 3070 Ti exclusively online, which angered consumers struggling to obtain a PC graphics during the great GPU shortage. The RTX 3080 Ti was listed as sold out when I visited the page at 1:15 p.m. when internet users began finally reporting the product was on sale.īut I had no chance. Best Buy’s web page merely said the GPU was “coming soon.” It was only at 1:12 p.m.
But for over seven hours, the listing remained unchanged. PST to 1 p.m., I continually refreshed Best Buy’s listing (Opens in a new window) for the product. I too tried to buy a Founders Edition RTX 3070 Ti card during Thursday’s launch. Like not even a chance,” wrote (Opens in a new window) one user on Twitter. But in the end, the product sold out immediately. On Thursday, consumers spent hours refreshing Best Buy's website in the hopes of obtaining Nvidia’s RTX 3070 Ti graphics card.
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