A few days ago the “The Economic Costs of Diabetes in the U.S. in 2007″ was released by the CDC, ADA and NIH. The new study shows diabetes is costing Americans $174 billion a year; meanwhile, medical expenditures of care for people with diabetes are estimated to be $116 billion with a disproportionate percentage of the costs resulting from treatment and hospitalization of people with diabetes-related complications. According to the study, this number has increased by 32 percent between 2002 and 2007. This is not staggerling news for those who are involved in medicine, public health, pharma, managed care, etc….. but what many may not realize is that costs are rising 2 times the general inflation rate which was 15.3% over the same period. (Data source: www.miseryindex.com). The growth rate in costs is aligned with the growth rate in the prevalence of diabetes which is up approximately 30% from 2002 to 2007. (Data sources: CDC with ’06 and ’07 projections by ES Armbrecht).
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