Navigation Links
Siemens Joins the Hearing Industries Association on Capitol Hill to Promote the Hearing Aid Tax Credit Act
Date:5/12/2009

Siemens meets with members of Congress in support of the 31.5 million Americans with hearing loss

PISCATAWAY, N.J., May 12 /PRNewswire/ -- Siemens Hearing Instruments, Inc. will be on Capitol Hill this week promoting the Hearing Aid Tax Credit Act (H.R. 1646), alongside members of the Hearing Industries Association (HIA). Siemens and HIA members will meet with Congressional leaders on May 13 to discuss the proposed legislation that would provide a tax credit of $500 per hearing aid to millions of Americans who need hearing instruments but can't pay for them.

Hearing aids are currently not covered under Medicare, or under the vast majority of state mandated benefits. The financial responsibility of purchasing a hearing aid currently falls on the consumer, with 71.4 percent of all purchases involving no third party payment.(1) The potential hearing aid market in the United States is estimated to be approximately 35 million people, with only nine million currently being served. Hearing aids could currently cost $1,800 - $2,000 per ear.

"The proposed tax credit would have a significant impact on the affordability of hearing instruments, therefore stimulating the hearing aid market," said Dr. Tom Powers, Vice President, Audiology and Compliance at Siemens Hearing Instruments.

"This incentive would allow people living with hearing loss to now seek help for this condition. The Tax Credit could provide an opportunity to improve the quality of life of millions of Americans," said Powers.

Siemens executives will meet with Members of Congress to discuss the impact this tax credit would have on the hearing impaired community, both personally and professionally. It is estimated that 95 percent of individuals with hearing loss could be successfully treated with hearing aids, while only 22-23 percent currently use them.(2)

"This legislation affects more than just the 31.5 million Americans with hearing loss - it touches the lives of their friends, family members, and co-workers," said Christi Pedra, CEO of Siemens Hearing Instruments. "Siemens is pleased to work with the HIA to help drive such an important issue."

The Siemens Healthcare Sector is one of the world's largest suppliers to the healthcare industry. The company is a renowned medical solutions provider with core competence and innovative strength in diagnostic and therapeutic technologies as well as in knowledge engineering, including information technology and system integration. With its laboratory diagnostics acquisitions, Siemens Healthcare is the first integrated healthcare company, bringing together imaging and lab diagnostics, therapy, and healthcare information technology solutions, supplemented by consulting and support services. Siemens Healthcare delivers solutions across the entire continuum of care - from prevention and early detection, to diagnosis, therapy and care. Additionally, Siemens Healthcare is the global market leader in innovative hearing instruments. The company employs around 49,000 people worldwide and operates in 130 countries. In the fiscal year 2008 (Sept. 30), Siemens Healthcare reported sales of euro 11.2 billion, orders of euro 11.8 billion, and Sector profit of euro 1.2 billion. Further information can be found by visiting http://www.siemens.com/healthcare.

    (1)  Hearing Industries Association, 2009
    (2)  MarkeTrak Report, 2009.


'/>"/>
SOURCE Siemens Hearing Instruments, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Siemens Extends Tender Offer for Acquisition of Dade Behring
2. Siemens Congratulates Kenneth R. Bertka, M.D., Recipient of 2007 AMDIS Award
3. Siemens Announces Early Termination of Hart-Scott-Rodino Waiting Period For Acquisition of Dade Behring Holdings, Inc.; U.S. Antitrust Clearance Achieved
4. MEDRAD Announces eCoil(TM) for Siemens, Philips 3.0T MR Scanners
5. VIDEO from Medialink and Siemens: The Next Generation Allergy Test - Nothing to Sneeze At
6. Siemens Building Technologies Pioneers Wireless Solution for St. Anthonys Sensitive Environment
7. Susquehanna Health and Siemens Announce Plans to Improve Hospital Facilities Through Technology Investment
8. Siemens Medical Solutions Diagnostics Announces the Release of the Rapidlab 1200 Series Version 2.0 Software
9. VIDEO from Medialink and Siemens: Worlds Smallest Ultrasound Package Launches in the U.S.
10. Siemens Soarian Health Information Management is Widely Adopted by Leading Healthcare Institutions in 2007
11. James Cracknell Launches Siemens Stroke for Stroke Week
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/22/2017)... , ... August 22, 2017 , ... “Call Of Spiritual ... is the creation of published author, C.S. Lizarde. Growing up on the streets ... trials. When Carlos began to apply the Biblical keys to his life, he ...
(Date:8/21/2017)... (PRWEB) , ... August 22, 2017 , ... ... but not without risk to health and safety. By learning and implementing best ... eliminated. , In this webinar, attendees will gain a better understanding of ...
(Date:8/21/2017)... ... August 21, 2017 , ... FCPX LUT Monochromatic Volume ... can quickly and easily add washed color grades to footage. A LUT is a ... every pixel’s color to the corresponding color indicated by the table. This pack comes ...
(Date:8/21/2017)... ... August 21, 2017 , ... ... taking place all over the country. , Outdoor running increases exposure to ultraviolet ... at an increased risk of melanoma, and only half may be adequately protecting ...
(Date:8/21/2017)... ... August 21, 2017 , ... PIXACORE , an independent full-service agency with ... 100 agencies of the year by MM&M. , This is the first time PIXACORE ... milestone for the agency. PIXACORE’s newfound recognition reflects its steady trajectory of growth ...
Breaking Medicine News(10 mins):
(Date:8/11/2017)... Aug. 11, 2017 DarioHealth Corp. (NASDAQ: DRIO), ... and big data solutions, today announced that it will ... 14 and host a conference call at 9:00am ET. ... and financial results and its strategy and outlook for ... by Erez Raphael , Chief Executive Officer, and ...
(Date:8/7/2017)... Md. , Aug. 7, 2017 ... healthcare member acquisition, retention, and engagement, announced the ... of Strategy and Product Development, effective as of ... consulting and technology implementation strategy for our clients. ... of experience in consulting and business analytics within ...
(Date:8/7/2017)... DUBLIN , Aug. 7, 2017  Endo International ... has reached agreements to resolve virtually all known U.S. ... in discussions to resolve the known remaining U.S. claims ... installment payments beginning in the fourth quarter of 2017 ... part of its second quarter 2017 results, the Company ...
Breaking Medicine Technology: