Diabetes costs America nearly $200B per year
|Diabetes costs one of out every five healthcare dollars in the U.S. Source: Meharry Medical School|
According to the study:
- 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.
- One out of every five healthcare dollars is spent caring for someone with diagnosed diabetes.
The study pegged the economic impact of indirect costs of diabetes to be $58 billion when accounting for reduced productivity of both those in the labor force, unpaid workers, unemployment from disease-related disability, and increased absenteeism.
An additional six million people are believed to have yet undiagnosed diabetes, hiking the actual cost of diabetes beyond $174 billion, according to the study.