A PYMNTS Company

Australia: Consumer watchdog puts hearing aid industry on notice

 |  March 2, 2017

This week consumer watchdog warned the hearing aid industry, with a new report raising concerns about patients being ripped off.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Australian Competition and Consumer Commission report shows some sales are being driven by commissions rather than the needs of customers.

    “Consumers were telling us that they were being sold products that were expensive and that they ultimately may not have needed,” ACCC commissioner Sarah Court said.

    “These products can be very expensive, they range up to $15,000 for a pair of hearing aids.”

    She said some clinics appeared to be inflating prices, which was partly being driven by commissions of up to 15 per cent which were not disclosed to patients.

    “Some consumers said they paid $10,000 for hearing aids and then found them online for half the price,” she said.

    Full Content: ABC

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.