The Rising Cost of Diabetes in America
Diabetes is an expensive disease. An American Diabetes Association study found that in 2012, diagnosed diabetes cost the nation an estimated $245 billion, including direct medical expenses and the cost of reduced productivity. The number is up $43 billion (adjusted for inflation) from 2007, the last time the ADA crunched the numbers—a result of the growing number of people with diabetes. According to this study, people with diabetes spend an average of 2.3 times the amount people without diabetes spend each year on their health. That works out to an average of $13,700 a year per person, about $7,900 of which is directly attributed to diabetes.
Source: Diabetes Care, April 2013