Rise in Health Care Costs due to Diabetes
A new report has showed that the per capita care bills of consumers with diabetes were $15,000 in 2013. The figure was 71% higher than those without the disease, according to the Healthcare Cost Institute.
Health care providers faced the brunt of those bills, but consumers with diabetes had to shell out $1,922 compared to just $738 paid by those without the disease.
Health care expense for those under the age of 65 sought a rise of an average 4.1% from 2012 to 2013. The surge was even higher in children as expense rise for them was 7% from 2011 to 2012 and then another 9.6% from 2012 to 2013.
Extraordinary growth has been seen in health spending for children with diabetes, HCCI senior research Amanda Frost said in a statement. Frost has attributed the rise to branded insulin. It was also claimed by a 2012 study in Health Affairs that people who develop diabetes before age 30 earn lesser than their peers. They are also more likely to drop out of high school and less likely to attend college.
“The number of people with diabetes continues to grow, as does the health care spending for these individuals. We, and others, need to better understand the relationship between spending and actual health outcomes for people with diabetes, particularly children”, said David Newman, executive director of the Health Care Cost Institute.
One of the major reasons behind the spending increase is frequently bringing branded insulin into use for children with diabetes compared to older Americans living with the disease.
Researcher Amanda Frost said that it’s very important to make nonstop efforts to analyze this spending trend to figure out how cost of managing diabetes can be reduced.