Ok so this is a little noticed but awesome win for 37.5 million people with hearing loss, brought to you by @SenWarren's smart use of competition policy to structure markets. engadget.com/2018/10/05/fda…
Basically hearing aids had to be prescription and cost thousands or even tens of thousands of dollars. @SenWarren's bill that passed last year allowed self-fitting over the counter hearing aids. Now Bose is entering the market, and will likely charge $500 or so.
The share prices of specialized hearing aid makers have dropped by 10-20% and tens of millions of people will now get cheaper hearing aids. Without treatment hearing loss can lead to dementia. This is good. Social justice flows through markets.
