From Hearing Aids to Baggage Fees: What’s in Biden’s Big Business Executive Order

Hearing aids, airline baggage fees, prescription drugs, DIY cellphone repairs and ‘Product of USA’ labels: President Biden’s executive order on big business and competition targets an array of industries and touches on a range of products and services. Here are some of the key points outlined in the order:

Healthcare

• The order calls on the Department of Health and Human Services to issue a plan within 45 days to combat high prescription drug prices.
• The order calls for Health and Human Services to consider rules within 120 days to allow hearing aids to be sold over the counter.
• The order directs the Food and Drug Administration to help expedite imports of prescription drugs from Canada.
• The order encourages the Justice Department and Federal Trade Commission to revise guidelines for hospital mergers and calls for HHS to support hospital price transparency rules and address surprise hospital billing.
• The order calls…

Read more…