Double check your facts. One thing that has been dropping in cost is Cochlear implants, both the surgery, the internal component, and the external processor/microphone.
Last time i checked, it was under 50k.
Do a flight to India, and get it done for 10k.
Most folks with Cochlear implants do as well as someone with a severe loss and a good pair of hearing aids.
Bi-lateral is definitely better than one of course.
Most Canadian provinces - maybe all, i'm not sure - will pay for at least one (surgery/internal device and programming etc). Some will pay for two. You have to qualify, and you do have to pay for the processor (external part).
For this whole thread - price bubble?
Yeah, maybe. I bought my last pair of Phonak Naida IX for $6500, including a 1000 cash rebate from MSRP of 7500 at the time (price has dropped on them now over 2 years. Were they worth it? Yes. Sure, I skipped a vacation that year so i could afford the hearing aids, but still worth it. In 3 or 4 years, once these have worn out, do I expect to spend another 7k or so for the next set? Yup, and unless I get a better paying job, I'll probably skip another vacation.
If anything, I'm spending more on hearing aids now than my parents did 20 years ago as a kid - buying them myself, I want to buy to top end ones, and I don't have as many problems with them as I did when I was a kid - they've vastly improved many of the issues that hearing aids used to include. I tried out 4 or 5 kinds for a couple weeks each before settling on the Naida IX - even though it was the most expensive! I would never wear those $14 hearing aids - feedback, uncomfortable, least of all they are ugly, etc... I might buy one just for kicks though if I'm ever in China!