Managing The Cost Of Your Diabetes

October 11, 2014 4:16 PM

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Diabetes is an expensive disease. Approximately 9.3% of Americans have diabetes and another 27% have pre-diabetes. In 2012, the estimated direct medical costs such as doctor’s visits, hospitalizations, and medications were $176 BILLION. Based on these numbers, diabetes alone accounts for 7% of the money we spend in our health care system. In addition, we lose $69 billion per year in reduced productivity – time off from work for doctor’s visits and hospitalizations, early disability, and early death all cost our society. The epidemic of obesity will only make these costs more staggering in the future. What can we do to improve these dreadful statistics? Importantly, if you have diabetes, what can you do to cut the cost of your illness?

There are two main classifications of diabetes. Type 1 diabetes typically occurs in childhood, and is an autoimmune phenomenon that destroys the ability of the pancreas to make insulin. Type 2 diabetes occurs when the body becomes resistant to the effects of insulin and eventually the pancreas burns...

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