Source: New York Times
While the price of electronics continue to decrease year after year, the price of hearing aids is on the rise, according to Tricia Romano's story in the New York Times. This is often due to overengineering of hearing aids, and adding features that consumers don't really use. MIT Founder Patrick Freuler says "For someone with mild to moderate hearing loss, the average hearing aid today is completely overengineered.” His startup, Audicus.com is selling low cost hearing aids online, cutting out the middleman and reducing the overhead, making it possible to offer hearing aids from $399 to $599, when similar hearing aids are selling for $1500 to $3000.
Read more in the New York Times: The Hunt for an Affordable Hearing Aid