Study shows sharp rise in cost of treating diabetes nationwide
The annual cost of diabetes in medical expenditures and lost productivity climbed from $98 billion in 1997 to $132 billion in 2002, according to a study by the American Diabetes Association (ADA) published in the March issue of Diabetes Care. The direct medical costs of diabetes more than doubled in that time, from $44 billion in 1997 to $91.8 billion in 2002. The study’s findings were announced jointly today by Health and Human Services Secretary Tommy G. Thompson and American Diabetes Association President Francine R. Kaufman, M.D. “Diabetes continues to be a huge financial burden on patients, their families and society, a burden that continues to grow in parallel with the obesity and diabetes epidemics in this country,” Secretary Thompson said.