WARNING: Hearing Aids Are About to Get a LOT More EXPENSIVE 😱

WARNING: Hearing Aids Are About to Get a LOT More EXPENSIVE 😱 Doctor Cliff Olson, Audiologist and founder of Applied Hearing Solutions in Phoenix Arizona, explains why Rising inflation of 8.6% is going to keep increasing the cost of hearing aids before the end of 2022.

[laurieginsburg]

Have my appt this Wednesday to replace my 9 yr old Phonaks. I'm glad I didn't wait any longer.

[jeanroberts]

Wow! I am so glad I decided to start the process of getting hearing aids back in February.

[maxmaximus]

I've had mine for three weeks now and my insurance gave a huge discount on my phonak audeo life aids. I got them at a good cost with great after care. My audiologist took the time to make sure I'm hearing as I should, I feel I got the best practices for sure.

[sgtjameslindsey]

I'm so thankful that the VA had my back and hooked me up with my Phonaks. I love the Bluetooth feature as well.

[pmf]

Received my Oticon More 1 from the VA. My audiologist told me if I received it outside of the VA, it would have cost approximately $7, 000.

[lunaprez]

Thinking of going to Lyric hearing aids. I don’t expect my AuD to absorb the increases. She has to eat too pass it on

[kerrywanner]

An audiologist told me the $7000 pair actually costs $1200. So an increase cost of $120 to the clinic will put you out of business? To be transparent show us your actual cost sheet

[mrsmith]

Inflation is really 16% or more. The Soc Security and VA disability payments are going up 8.9% in 2023. Rents and housing prices are up 30% in one year in my location. Chicken wings are at "market price", because they can't reprint menus fast enough. We just volunteered to give our house cleaner a raise.
Your cost of goods just went up. What % of the total out the door retail price is that? It doesn't really matter because all of your costs are up, labor, utilites, perhaps rent. I don't think the price of hearing aids is elastic. A price increase will cause a certain % of prospective clients to forgo purcahse, especially when all of the costs are up. "With gas at $5.00+, I can't afford hearing aids"
At least you can get product. Auto dealers get way less than 1/2 of the cars they did 2 years ago, but their fixed costs are soaring.
10% increase on $7500 hearing aids will dissuade many people.
I leased 2 new cars in September and beat the massive price increases. We just had or master bath redone, today ot would be significantly more. Buckle your seat belts.

[Mdwells]

I feel for you guys, very nice to hear you all initially absorbed the first 3% increase. We have so many things increasing in price and unfortunately, no assistance from any programs.

[Stormin_Norman]

So, I cannot afford them now, nor will any insurance company help cover them for me.. I was told by my former ins company to go see a certain hearing aid company. I did and after the 30 days tryout, the insurance company told me they would not not help because I lived in a state (NH) the insurance did not operate from. My current insurance company (BC/BS) says they only cover up to 9 years of age..

[terriannolson]

Just got back from church ⛪️ and listened to your vlog. I've got to tell your dad (he's watering our flowers on our deck) about your shout out. He's going to be SO excited‼️ 🥳😁🤩💕

[luannschuler]

Your videos are great! I’m waiting for the Phonak Slims.. Now I’m nervous about it.. I have trials now with the P90..should I just go ahead and commit to these? When do YOU think the slims will come out and do you think they’ll be a lot more expensive? Thanks..I trust your opinion!

[glennwatson]

The inflation rate in the U.S. is over 8%.

[Marnie]

My phonak audeo battery hearing aids are going through batteries every 24 hours any suggestions

[bexmccarthy]

This is why it’s so tragic that the medical insurance in this country excludes our field in the manner it does. This is part of the point of paying for insurance, it should be assuming financial risks as well. I’m genuinely starts to look at leaving the USA before opening a clinic, because I worry about the inhospitably we have to small companies, like local clinics. I’ve been stuck in the “low cost less-to-a-T” type clinics for a while and I’m so happy to help folks that can’t pay more than $1k-$2k for these devices, but it does twinge my heart to know what kinds of things they’re missing out on when they are interested in the tech. At least they aren’t buying Nano.

[curtpetrovich]

Hearing devices were already massively overpriced and no amount of apologizing for manufacturers about what goes into them is convincing about why something with some code and a couple hundred dollars of components should cost six or seven grand for a pair. There was already an obscene amount of markup on these devices, not unlike the profits in the oil and gas industry. If you’re going to offer a defence - even an implied one - of the industry, let’s see the balance sheets and profit margins on every single manufacturer. The global hearing aid market is pushing 10 billion dollars a year and is on track to nearly double in the next decade. While I appreciate the cost of doing business for people who provide hearing services may increase with inflation, these devices are like diamonds in terms of pricing strategy. Except what makes it unethical to charge thousands of dollars for $200 worth of components is that, unlike diamonds, these aren’t luxury goods. They are necessary medical devices to sustain someone’s quality of life. Frankly, people who deny that consumers aren’t being mislead are little more than apologists for an industry that is doing tremendously - inflation or not.

[grafxdesigner]

Hearing aides are a necessity. Not a luxury. If it’s considered a “luxury”, then the industry doesn’t care about the needs of those who are impacted by their being hearing loss or being hearing impaired. Money is the culprit for its to be so expensive. Health insurance should be able to cover the costs. If they can cover major surgeries, that pennies compared to paying for surgeries which be up five to six figure. I don’t get it.

[DarkerSavant]

Man. Feels like We are doomed in this country.

[Arvigeus]

Just got my new Oticon More 2 because of you, @Doctor Cliff, AuD!

[ТарасСтецько-нщ]

My signia in Central Asia cost 25% more than I've bought them in the beginning of this year.