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:6/26/2016)... ... 2016 , ... Quality metrics are proliferating in cancer care, and are derived ... eye of the beholder, according to experts who offered insights and commentary in the ... Care. For the full issue, click here . , For the American Society ...
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements ... was developed to enhance the health of felines. The formula is all-natural and is ... herbs in the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American ... Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. ... including advance care planning, healthcare costs and patient and family engagement. , AIR ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture ... said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package ... Final Cut Pro X . Simply select a ProHand generator and drag it ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... recover from injury. Recently, he has implemented orthobiologic procedures as a method for ... is one of the first doctors to perform the treatment. Orthobiologics are substances ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
(Date:6/23/2016)... Capricor Therapeutics, Inc. ... company focused on the discovery, development and commercialization ... in its ongoing randomized HOPE-Duchenne clinical trial (Halt ... its 24-patient target. Capricor expects the trial to ... 2016, and to report top line data from ...
(Date:6/23/2016)... -- Bracket , a leading clinical trial technology and ... platform, Bracket eCOA (SM) 6.0, at the 52 nd ... 2016 in Philadelphia , Pennsylvania.  A demonstration ... of its kind to fully integrate with RTSM, will be ... is a flexible platform for electronic clinical outcomes assessments that ...
Breaking Medicine Technology: