OTC Hearing Aids One Year Later – Mission Accomplished?
The White House blog of August 2022 announcing the FDA’s release of the Over-the-Counter (OTC) hearing aid rule, which would take effect that October, highlighted the rationale for its creation: “Drive down costs, increase access, and open up a market space for creative innovation.” Andrew Bellavia (AuraFuturity) writes about the first year of the Over-the-Counter (OTC) hearing aid rule. It seems that just 2% of those with hearing difficulties purchased an OTC hearing aid in this time.