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Cost Of Diabetes

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Costs incurred in the management of diabetes can be categorized as either direct or indirect, direct being the costs incurred in the management of the disease through medication, laboratory tests, physician and nursing care. Indirect cost, on the other hand, includes the cost of incurring a loss of productive individuals since the disease is associated with high mortality and morbidity. Over time the cost of management of diabetes has been rising with the increasing number of new cases of the disease. The cost of care for instance in 1980 ranged between 14 and 20 billion dollars. However, in 2002 the cost had increased to $132 billion, while the cost of managing the disease in the year 2007 was estimated at $174 billion in the United States …show more content…

These include hospital stay and the high rate of readmission to hospital for screening and due to complications. Medications for the patients also contribute significantly to diabetes management since the drugs are prescribed for maintenance of the condition and thus need to be taken regularly. Inpatient visits to the hospital is the leading value of cost in the management of the disease (American Diabetes Association, 2013). The people who have diabetes are sicker and weaker when compared to the general population. The cost of their health care spending is also higher than the cost for healthy individuals. On the view of indirect costs due to diabetes, there are several conditions that lead to an increase in expenditure of the patients. For instance, the likelihood of developing disabilities due to complications as a result of diabetes is quite high. The workforce is therefore negatively affected and leads to a decline in the economy of the country. Out of all the deaths reported in the year 2012, the number in which diabetes was named as the primary cause amounted to 30% diabetes (American Diabetes Association, 2012; National Diabetes Statistics Report, 2014; American Diabetes Association, 2013). The premature deaths due to diabetes led to loss of income and loss of productivity in the country. The public therefore needs to be educated to reduce this cost as it is shown that the cost of managing diabetes is reduced when the patient has enough information about the condition. For instance, persons with better glycemic control have low levels of developing complications and report a decrease in visits to a doctor with those with uncontrolled diabetes having to visit the hospital three to eight times more (Handelsman et al.,

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