Diabetes care and indirect expenses cost the U.S. $245 billion in 2012 alone, representing a 40% jump in just 5 years.
MASSDEVICE ON CALL — The cost of diabetes care has increased more than 40% in just 5 years, amounting to $245 billion last year. The growing cost reflects the rising number of patients suffering from the disease, according to a report from the American Diabetes Assn.
More than $1 in every $10 spent on healthcare in the U.S. goes to diabetes and related complications, and more than $2 of every $10 is spent on health complications of a patient that has diabetes, according to a press release.
"As the number of people with diabetes grows, so does the economic burden it places on this country," ADA chief scientific & medical officer Dr. Robert Ratner said in prepared remarks. "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 estimates project that as many as one in three American adults will have diabetes in 2050."
Key points from the study included:
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