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A pair of high-quality OTC hearing aids costs $500 to $2,000, whereas the average cost of prescription hearing aids hovers around $4,600. Returns and Warranties
The Medicaid Hearing Coverage Act of 2023 is a bill that’s currently making its way through Congress in an effort to remove the Medicare exclusion for covering hearing aids and related exams.
The Over-the-Counter Hearing Aid Act of 2017 (OTC Hearing Aid Act) was a law passed by the 115th United States Congress as a rider on the FDA Reauthorization Act of 2017. It created a class of hearing aids regulated by the Food and Drug Administration (FDA) available directly to consumers without involvement from a licensed professional (like an audiologist, otolaryngologist, or audiometrist). [1]
In 1962, the Miracle-Ear IV was the first hearing aid that used integrated circuitry, [9] and in 1971, the company introduced the Dahlberg SHARP circuit, an ultra-low power circuit utilizing in-house hybrid production. In 1988, the company debuted the Miracle-Ear Dolphin, the first programmable hearing aid on the market.
Starkey Hearing Technologies is an American privately owned company based in Eden Prairie, Minnesota that makes hearing aids, and is one of the largest hearing aid manufacturers in the world. [1] As of 2019, the company had more than 5,000 employees in 24 facilities, serving more than 100 markets worldwide, and is the only American-owned global ...
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