why are hearing aids so expensive

why are hearing aids so expensive

why are hearing aids so expensive

an estimated 48 million Americans According to the Hearing Loss Association of America, there are some forms of hearing loss. But only about 20% of people who would benefit from a hearing aid use one.

Traditionally, they have been expensive. A typical pair of hearing aids in the US goes for between $2,000 and $8,000, which includes fitting fees and follow-up services. But a recent order by the Food and Drug Administration has given permission for the sale of over-the-counter hearing aids could improve access to millions of people.

New devices for adults with mild to moderate hearing loss cost as little as $199 and can be purchased from retailers such as best Buy, CVS And walmart,

Starkey, one of the world’s largest hearing aid manufacturers, says it also has plans for an over-the-counter offering. Its device, called “Start Hearing One,” will be released in late 2022 and cost $899 per pair.

“It is expected that the new category in this country will have a tremendous impact, not only for over-the-counter hearing aids, but in reducing prices,” said Stavros Besses, co-founder and chief technology officer of manufacturer Sound World Solutions, which would be less, but also for traditional hearing aids.”

Over-the-counter hearing aids could help demographics beyond America’s aging population. With more people listening to music and watching videos from their smartphones, the younger generation is influencing. The Centers for Disease Control and Prevention says that 1 in 6 American teens has measurable hearing loss, possibly the result of excessive noise exposure.

So why are hearing aids so expensive, and how will over-the-counter devices affect people with hearing loss?

Watch the video to learn more.

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