Bloomberg News

Diabetes Costs in U.S. Estimated at $245 Billion

March 06, 2013

The costs of diabetes, including medical care and lost productivity, jumped 21 percent to $245 billion last year from 2007, driven by higher rates of the disease and health conditions that lead to it, researchers said.

The report, released today by the American Diabetes Association, showed that costs for the disease, which afflicts 7 percent of the population, are escalating. In 2007, the association reported that the expenses had increased about 14 percent since 2002, after inflation.

“Increased prevalence, not increased cost per patient, is the driving force behind the increased economic burden of diabetes,” said Robert Ratner, chief scientific and medical officer for the association, at a press conference at the U.S. Capitol today. The study will be published in the journal Diabetes Care in April.

The diabetes association’s study draws on data including the U.S. Census and claims filed in the Medicare program for the elderly and disabled.

To contact the reporter on this story: Alex Wayne in Washington at awayne3@bloomberg.net

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus