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Anyone here know how to set up online fund to raise hearing aid $ for a senior gent? Trying to raise about $7K to buy 2 hearing aids for an older gent who can't afford hearing aids and needs them.
Am I the only one wondering about the profit margin in hearing aids? Back in the 1970s, they cost a lot because of the miniaturization involved. I don't understand why they STILL cost that much when you can get an entire MP3 player for $20.
Am I the only one wondering about the profit margin in hearing aids? Back in the 1970s, they cost a lot because of the miniaturization involved. I don't understand why they STILL cost that much when you can get an entire MP3 player for $20.
Economy of scale. MP3 players are off-the-shelf and need no customization. And the manufacturer sells a ton of them. Neither of those are true about hearing aids.
Am I the only one wondering about the profit margin in hearing aids? Back in the 1970s, they cost a lot because of the miniaturization involved. I don't understand why they STILL cost that much when you can get an entire MP3 player for $20.
Yes, we wonder about the profit margin. Why do they cost $7K per pair! And, why doesn't health insurance, Medicare included, pay for them?
Am I the only one wondering about the profit margin in hearing aids? Back in the 1970s, they cost a lot because of the miniaturization involved. I don't understand why they STILL cost that much when you can get an entire MP3 player for $20.
I'd agree but it's medical device so it's regulated by the government.... you know how that works. I've seen hearing aid type devices advertised for a few bucks on TV but I noticed they were very careful not to call them hearing aids.
Having said that if I recall correctly when my Father got them he was fitted for them etc. It's like eyeglasses, they are prescribed. They may have even made a mold for them.
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And, why doesn't health insurance, Medicare included, pay for them?
