Hearing Aid Prices — Going Up? Going Down?
The average Price of hearing aids began rising faster than inflation in 1994 when the first truly differentiated product entered the market. In contrast, Price kept pace with inflation for traditional instruments, which tumbled into a new niche of “low end” products (see title figure). What does this mean? More Economic Stuff (what you’ve been…
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Hearing Aid Prices: Peeking in the Closet
Hearing Aid Price is still in the closet, but it’s being outed by professional and public outcry by squeezed Audiologists and consumers.{{1}}[[1]]I don’t know if hearing aid dispensers are feeling squeezed too, but probably.[[1]] If those two groups are outside picketing, who’s in the closet? Current conventional wisdom points to Machiavellian Manufacturing Monopolists. Before we…
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