gwern comments on Open Thread March 7 - March 13, 2016 - Less Wrong Discussion
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"A Push for Less Expensive Hearing Aids"
This deathism is almost stunning in its casual cruelty.
Could it possibly be that the costs of fixing all health problems of old people simply skyrocket after some age? Thus, given limited resources, we only have the following options:
I am not saying that even if this is the case, that the decision where to draw the line was optimal. Just that a line has to exist somewhere.
(And it's not just old people, of course. There is always a surgery that could save someone's life, but won't be done for budget reasons. Etc.)
I'm all for cost-benefit analysis. I'm just appalled by the sheer cruelty of writing into law a ban on specific treatments. Perhaps my reaction is due to having spent a life wearing hearing aids, and so I have a rather strong reaction to condemning indefinite millions to the same fate.
I'm astonished that hearing aids cost so much, given how thoroughly the personal-audio-hardware space has been colonized by cheap electronics. What's up with that?
My guess: "FDA regulates hearing aids, which are intended to compensate for hearing loss."
Regulation limits competition which keeps prices high.
I've heard the phrase "disability markup" used to describe how almost everything ever targeted toward physical or sensory disabilities are absurdly expensive. That name implies more intentional malice than I expect is at work; I'd generally round off to "market forces"--it's difficult to take advantage of mass market capitalism when selling to a minority, but it is possible to take advantage of government assistance programs.
It seems like, though, based on my (very limited) understanding of hearing aids, a charitable version of "disability markup" might be closer to reality. After all, if it's treating a disability, especially one found in old people, either those who need it are going to be rich from a lifetime of savings, or poor and getting the government to pay for it anyway, right?
It isn't hearing aids so much as screen readers, but Chris Hofstader implies as much might be a component of business models for such companies in this article:
James_Miller's guess wouldn't apply so much to screen readers (but would apply to things like the Brain Port, which opened at a price of $10,000US), but I wouldn't be surprised if going through the FDA is a big part of the markup on hearing aids.