Cost of Diabetes Set to Explode
A new report for 2012 shows the total cost of diabetes in the U.S. has risen to 245 billion dollars and is expected to continue to grow due to the 75 million with pre-diabetes. This cost includes 176 billion dollars in direct medical costs covering hospital, emergency care, medications, and office visits. The 69 billion dollar remainder includes indirect costs such as decreased productivity, unemployment from a diabetes-related disability, or lost productivity due to early death.
Dr. Robert Ratner, chief scientific and medical officer at the American Diabetes Association, states “It is important to note that while treating diabetes is expensive, it is the fact that the prevalence of the disease is increasing dramatically.”
Recent reports show that by 2050, one in three American adults will be diagnosed with diabetes.
Ratner explains, “The cost of diabetes is rising at a rate higher than overall medical costs, with more than one in 10 health care dollars in the country being spent directly on diabetes and its complications, and more than one in five health care dollars in the U.S. going to the care of people with diagnosed diabetes.” Twelve percent of medical costs in both 2007 and 2012 are from medications and supplies.
Other findings about the cost of diabetes include:
- African Americans pay more than Caucasians and Hispanics for diabetes per person health costs.
- Women pay higher per person health costs than men ($8,331 vs $7,458).
- The rise in the number of people with diabetes has increased medical care costs.
- 62% of cost for diabetes care is paid by government insurance, 34% by private insurance, and 3% is uninsured.
- California has the largest population with diabetes and has the highest costs ($27.6 billion) compared to other states.
- California, Texas, New York, and Florida have the highest diabetes-related costs in the U.S.
In the future, the cost of diabetes in the U.S. will continue to rise as the number of people with diabetes grows. But even more important is the fact that those with diabetes will have a poorer quality of life. The good news in all of this is that it is preventable.
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