According to a new study completed by the American Diabetes Association, the total cost of diagnosed diabetes for 2017 was estimated at $327 billion. This includes $237 billion spent on direct medical cost and $90 billion in productivity reductions.
According to researchers, diagnosed diabetes care accounts for 1 in every 4 health dollars in the U.S. Average medical expenditures were about $16,750 per year for individuals with diagnosed diabetes. Additionally, people with diagnosed diabetes had health expenditures of about 2.3 times higher than individuals without diabetes.
The increase over the past five years is staggering. After an adjustment for inflation, the economic cost of diabetes increased by 26% between 2012 and 2017.
These findings were published in Diabetes Care on March 22, 2018.