The Over-the-Counter Hearing Aid Act was passed in 2017, but enforcement of the act was dormant for about five years. Following the Aug. 16 executive order, Walgreens and Walmart both said their stores would stock the hearing aids — which are intended for mild to moderate hearing loss and do not require a physician’s visit — by mid-October.
Walmart said in an Oct. 17 news release its over-the-counter hearing aids would be priced between $199 and $999 per pair, while Walgreens has previously said its option would be $799. A GoodRx analysis found that without insurance, hearing aids can cost between $2,000 and $7,000.
Of the 38 million people in the U.S. who have self-reported auditory difficulties, only about 20 percent use hearing aids, according to the National Institute on Deafness and Other Communication Disorders. Among adults who are 70 and older, that figure is slightly higher at 31.8 percent.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit