Most of the numbers below won’t mean much to you because they are mind-boggling—and mind-numbing. Also note that most of the cost is caused by type 2 diabetes in people over 65. From Diabetes Care:
“The total estimated cost of diagnosed diabetes in 2017 is $327 billion, including $237 billion in direct medical costs and $90 billion in reduced productivity. For the cost categories analyzed, care for people with diagnosed diabetes accounts for 1 in 4 health care dollars in the U.S., and more than half of that expenditure is directly attributable to diabetes. People with diagnosed diabetes incur average medical expenditures of ∼$16,750 per year, of which ∼$9,600 is attributed to diabetes. People with diagnosed diabetes, on average, have medical expenditures ∼2.3 times higher than what expenditures would be in the absence of diabetes. Indirect costs include increased absenteeism ($3.3 billion) and reduced productivity while at work ($26.9 billion) for the employed population, reduced productivity for those not in the labor force ($2.3 billion), inability to work because of disease-related disability ($37.5 billion), and lost productivity due to 277,000 premature deaths attributed to diabetes ($19.9 billion).”
Source: Economic Costs of Diabetes in the U.S. in 2017 | Diabetes Care
Drastically reduce your diabetes healthcare expenditures by incorporating the ideas in my books. The ball’s in your court.
Profits for Big Med and Big Pharma continue to soar.
Those profits would plummet if Denninger had his way: