Diabetes costs U.S. economy estimated $266 billion every year
These results are based on the diabetes rate of 11.5% thus far in 2017 and are coupled with an estimated incremental healthcare cost of $8,480 per person compared with those who have not been diagnosed with diabetes.
These data are drawn from more than 135,000 interviews with U.S. adults across all 50 states and the District of Columbia so far in 2017 as part of the Gallup-Sharecare Well-Being Index.
These findings are from a report released The Cost of Diabetes in the U.S.: Economic and Well-Being Impact.
The estimates for the incremental healthcare utilization costs per person, which have been adjusted for inflation, are drawn from research by the American Diabetes Association.
The extra costs per person per year have been conservatively computed by the ADA to account for overlapping costs of other chronic conditions commonly associated with diabetes.
Since 2008, the national adult diabetes rate has risen nearly one percentage point, elevating the current cost estimates.
If the diabetes rate had remained steady at 10.6% since that time, the estimated healthcare expenditures due to diabetes in 2017 would be about $19.2 billion less than they currently are. ■