> For decades, the FDA has regulated hearing aids as a prescription medical device — an arrangement that adds to the cost and effort people must expend to get them.
What is the rationale for this?
What is the rationale for this?
I also don't believe deregulating the market is going to work. The reason prices are so high is because there is a small monopoly of manufacturers that control global supply and a small cadre of middle-men that are allowed to create whatever markup they like.
Deregulating the middle men doesn't really solve the fundamental problem. I would expect a lot of patent lawsuits to be filed against small manufacturers and distributors if the government gets it's way here.
It's an attempt to solve an endemic lack of regulation with even less regulation.
As well improper use can cause permanent damage.