Dr. John Anderson isn’t surprised by the rapidly growing cost of diabetes in America. New research from the American Diabetes Association shows the total cost of diabetes was $245 billion in 2012 — a 41% increase from the $174 billion spent in 2007.
“I know of no other disease that’s increasing at (about) 8% per year,” said Anderson, president of medicine and science for the American Diabetes Association. “That to me isn’t surprising, it’s troubling.”
What is surprising, Anderson said, is that the increased price isn’t due to rising health care costs. It’s due instead to the “sheer number” of Americans who have diabetes.
“Medication costs have gone up, but overall they haven’t gone up significantly,” said Matt Petersen, the American Diabetes Association’s managing director of medical information and professional engagement. “We have more people with diagnosed diabetes. A lot more of them. That’s the burden we face.”
Beedie Savage – President of Quantum Units Education