Rising cost of diabetes
A new study shows that a significant increase in the medical cost of diabetes, is due to more Americans being diagnosed with the disease.
The American Diabetes Association reported from their “Economic Costs of Diabetes in the US in 2012″ the cost of diabetes has risen 41% in five years.
In 2007, the total cost was $174 billion and in 2012, $245 billion. 17.5 million people were diagnosed with the disease in 2007, compared with 22.3 million in 2012.
About $176 billion dollars is spent for emergency care and office visits, and $69 billion dollars is spent on indirect costs like unemployment and loss of productivity because of diabetes.
Wake Forest Medical Center Professor Ronny Bell said the study reflects the growing issue of obesity in America. He says that in order get healthy, people must make a conscious effort to change their lifestyle.
“For every one person that we can prevent from developing type 2 diabetes we can save a significant amount of healthcare dollars,” Bell said.
The study reports an estimated $8,000-10,000 is spent annually on medical bills per patient.
Diabetes is the fourth leading cause of death in America.