Hearing Aid Costs and Biden's Executive Order

Ryan Molloy, Managing Editor for #TheSeniorList.com talks with Janice S Lintz, founder and CEO of Hearing Access and Innovations and an all-around expert on #hearing healthcare and policy.
In July of 2021, President Biden signed an executive order to promote competition in the American Economy. A provision of this order will promote the availability of low-cost hearing aids and more transparency around features and pricing. In this video, Ryan and Janice discuss what this means for both the hearing aid market and people with #hearingloss.
Timestamps:
0:00 Ryan introduces the executive order
0:30 Why are hearing aids so expensive?
1:26 What happened to over-the-counter hearing aids?
2:30 How will Biden’s executive order affect the hearing aid industry?
4:48 Secrets of the hearing aid industry
5:40 Will the executive order make hearing aids more affordable?
6:22 How will the executive order disrupt the hearing aid industry?
7:23 Consumers need to speak up about issues related hearing healthcare
7:39 If Ryan's grandmother visited an audiologist, what would be different about her visit after the executive order goes into effect?
9:09 What needs to change about the hearing aid industry?
9:22 Telecoils should be mandated.
10:28 Standard feature names and testing to ANSI standards.
10:40 Medicare and Insurance Coverage should be mandated.
11:03 Hearing aids should be accessible to everyone, not a status symbol for those who can afford them.
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[@stevenmyers3647]

Good video. I agree the telecoil should be required in hearing aids. My hearing aids are expensive and the reason I got them was because of the t-coil capability. I buy season tickets to Broadway plays here in Pittsburgh at the Benedum theatre which has the t-loop system installed. In fact, that's the whole reason I got hearing aids to begin with, I couldn't hear most of the plays. The t-coil hearing aids are a godsend. Now it's as if the theatre system speakers are right inside my ears - which is the whole point of the t-coils. Great information. Thanks.

[@Theseniorlist]

Thanks for the feedback Steven!

[@sherriroemer3144]

Thank you for this information. I am nearly 66 years old and have been told I would benefit from hearing aids. Of course, I am obligated to go through the company that my Advantage Plan works with, so that limitation is a bit intimidating. But I now have a bit more information to arm myself with when I do go to them. Thanks 🙂

[@Theseniorlist]

You are welcome, so glad you found it helpful!

[@dpbode]

This is a very limited opinionated and slightly uninformed speaker. All Audiologists are unique as are Physicians, and some have opinions that are contrary to yours. The speaker is obviously unaware of many components that go into the process of patient care and hearing health care. and having a daughter with Hearing issues she would have sought out a specialist in audiology e.g. Pediatric audiologists. This pediatric audiologist would work with the parents through a process that would involve counseling them and have other specialists such as a speech pathologist, social worker, and educational/academic specialist for the child's school and the pediatric physician. Regarding the cost of hearing aids i would suggest she turn to Starkey and ask them about the 95 million dollars they spend annually to develop more proficient equipment for the "world" of hearing impaired individuals. The focus is on how we help individuals with their hearing journey and not on what is paid during the trip.