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Diabetes costs U.S. $245 billion annually

Posted by: Colleen Stoxen Updated: March 6, 2013 - 12:13 PM

The total cost of diabetes in the United States jumped from $174 billion in 2007 to $245 billion in 2012, a new report shows.

Last year's total cost included $176 billion in direct medical costs -- such as hospital and emergency care, medications and office visits -- and $69 billion in indirect costs, including work absenteeism, reduced productivity, unemployment caused by diabetes-related disability and lost productivity due to early death. The 2012 cost represents a 41 percent increase from 2007.

"As the number of people with diabetes grows, so does the economic burden it places upon [the United States]," Dr. Robert Ratner, chief scientific and medical officer at the American Diabetes Association, said in a news release from the association, which commissioned the study.

Nearly 26 million adults and children in the United States have diabetes and another 79 million have prediabetes, which places them at increased risk for developing the disease.

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