- Hearing loss is affecting a large number of people, and the number is only to increase with the aging population
- Still, many don’t wear hearing aids as they are expensive, often clunky, and inconvenient to get
- INND continues to solve these pain points, empowering consumers to take control of their hearing health with its unique top-quality Direct-to-Consumer (“DTC”) hearing aids
A study published in the journal Archives of Internal Medicine reports that 86% of Americans over 50 with hearing loss don’t wear hearing aids (https://ibn.fm/9aHNd). Hearing aids are costly, getting them can be a cumbersome process, and wearing them can feel stigmatizing. But innovative DTC (soon-to-offered Over-the-Counter (“OTC”) at local pharmacies and Big-Box retailers) hearing aid options delivered by companies such as InnerScope Hearing Technologies (OTC: INND) solve these patients’ pain points. They are lower-priced, as small as a wireless earbud, and easy to get.
The price of traditional hearing aids starts from around $1,000, but it can go as high as $14,000 per pair. Most insurance plans provide only fractional coverage, while Medicare doesn’t cover them at all. With a relatively short lifespan of just five to six years on average, the cost burden of traditional hearing aids is significant for many since a patient diagnosed with…
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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