Monday, June 27, 2016

Diabetes Spending Reached $16,021 Per Capita in 2014

The Health Cost Institute recently released a study on healthcare spending for diabetes patients. Here are some key findings from the report:

·         Spending on people with diabetes reached $16,021 per capita in 2014, an $897 increase from 2013.

·         Health care spending for people with diabetes rose 6% compared to 3.2% for people without diabetes.

·         The number of ER visits among people with diabetes rose 8.1% annually from 2012-2014.

·         People with diabetes had 7x more filled days of cardiovascular drugs than those without diabetes.

·         Young adults (19-25) with diabetes had 4x more hospital admissions for mental health and substance use.

·         In 2014, insureds with diabetes spent $1,944 out of pocket compared to $752 for those without diabetes.

Source: Health Cost Institute, June 20, 2016

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