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Published on August 12, 2013

The Cost of Diabetes

August 12, 2013

The rising cost of diabetes has become an important topic of conversation in the medical field, the workplace, and in the household.  The American Diabetes Association (ADA) estimated a 41 percent increase in the cost of diabetes over the last five years.  The new research was released on March 6, 2013, and stated total costs of diagnosed diabetes rose to $245 billion in 2012 compared to $174 billion in 2007.  Of this total estimated cost, 43 percent is spent on hospital inpatient care, 18 percent on prescription medications to treat diabetes, and 12 percent on anti-diabetic agents and diabetes supplies.  People with diabetes incur medical expenses about 2.3 times higher than those without diabetes.  Average medical expenditures for people with diabetes are about $13,700 per year, of which almost 60 percent is related to diabetes. 

There are some indirect costs related to a diabetes diagnosis as well.  These include increased absenteeism, reduced productivity, inability to work as a result of a disease-related disability, and lost productive capacity due to early mortality.  With these rising costs, diabetes continues to impose a financial burden on society. 

For additional information and resources for prescription assistance visit:  http://www.diabetes.org/living-with-diabetes/treatment-and-care/health-insurance-options/prescription-assistance.html.

 

Melissa Romano, RD, LDN
Certified Diabetes Educator

 

Source: American Diabetes Association, http://www.diabetes.org/advocate/resources/cost-of-diabetes.html?keymatch=cost, retrieved July 29, 2013.

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