- Drug prices continue to fuel media stories and drive politicians to action but, for the most part, the real driver of high healthcare costs is being ignored.
- The total percentage of non-elderly people with insurance and affordability problems to 26.2%.
- The number of US adults with diabetes increased from 21.2 million in 2003-2004 to 30.2 million in 2013-2014, while the prevalence of obesity rose from 31.7% to 37.5% over the same period.
- Millennials are on track to be the most obese generation.
KEY TAKEAWAY: Diabetes leads a list of just 20 diseases and conditions that account for more than half of all spending on health care in the United States, according to a new comprehensive financial analysis. Should doctors tell obese patients that they are endangering themselves and on the road to a debilitating disease? Continue reading
KEY TAKEAWAY: Designed to make insulin delivery less of a hassle by automating it, the MiniMed 670G by Medtronic was called “revolutionary” and a game changer after the Food and Drug Administration approved it in September. But families like the Weddings say the device, slated to hit the market in spring 2017, has been incredibly overhyped. Continue reading
KEY TAKEAWAY: According to the World Health Organization (WHO), the number of people living with diabetes has quadrupled since 1980, growing to more than 400 million. And with this rise in disease, sales of diabetes-related products have also climbed. In fact, in 2015, American consumers spent $592 million on such products.The cost of diabetes drugs rose 150 percent for six popular, brand-name diabetes drugs in the past five years. Two of these drugs rose in price more than 250 percent. Continue reading
KEY TAKEAWAY: The biggest threat to healthcare is not drug pricing, it’s ourselves. 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.
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.. Continue reading
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. Continue reading