Eargo To Pay $34M+ To Resolve False-Claims Allegations
The company, which denies the allegations, allegedly sold hearing aids to federal employees and billed a government insurance plan without the required hearing assessment.
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Sens. Warren and Grassley say federal regulation is needed to ensure consumers in all states benefit from OTC hearing aids. State AGs, on the other hand, have asked the FDA to “define preemption terms in a way that recognizes the important role state and local entities play in protecting consumers.”
Directly billing insurers for over-the-counter hearing aids may have triggered federal concern, a financial analysis firm says.
The annual address also included discussion of legislation passed to improve the US supply of semiconductor chips, as well as new research body ARPA-H.