POST SUMMARY: The total estimated cost of diagnosed diabetes in 2012 is $245 billion, including $176 billion in direct medical costs and $69 billion in reduced productivity. The largest components of medical expenditures are: hospital inpatient care (43% of the total medical cost). Here is a story of one person..
The world is losing the battle against diabetes as the number of people estimated to be living with the disease soars to a new record of 382 million this year. Diabetic retinopathy affects about 28.5 percent of Americans with diabetes age 40 and older. That’s more than 7 million people, and the number is expected to reach more than 11 million by the year 2030.
The world is losing the battle against diabetes as the number of people estimated to be living with the disease soars to a new record of 382 million this year, medical experts said on Thursday. The vast majority have type 2 diabetes – the kind linked to obesity and lack of exercise – and the epidemic is spreading as more people in the developing world adopt Western, urban lifestyles. By 2035, the organization predicts the number of cases will have soared by 55 percent to 592 million. While pharma targets cancer drugs as a way to replace products coming off patent there seems to be a huge opportunity in the diabetes market.
Can you say health crisis ? New research from the American Diabetes Association shows the total cost of diabetes was $245 billion in 2012 — a 41% increase from the $174 billion spent in 2007. According to CNN.com “I know of no other disease that’s increasing at (about) 8% per year,” said Dr John Anderson, president of medicine and science for the American Diabetes Association. “That to me isn’t surprising, it’s troubling.” When is the healthcare community going to take action ?
The number of people living with diabetes is now put at 371 million, up from 366 million a year ago, with numbers expected to reach 552 million by 2030, the International Diabetes Federation (IDF) said. If we don’t start educating people on the dangers of this disease than the potential savings from the new healthcare initiatives are going to go down the drain.