Insulin cost not the biggest expense for Diabetes patients. What is?

As someone who lives with diabetes or knows someone who does, you may believe that the cost of insulin is the biggest expense for diabetes patients. However, according to a recent study, that’s not necessarily true. The study found that for people with type 2 diabetes, the cost of hospitalization and related healthcare expenses was much higher than the cost of insulin.

In the study, researchers analyzed data from over 40,000 diabetes patients enrolled in a private health insurance plan. They found that hospitalization and inpatient care accounted for 43% of total diabetes-related healthcare expenses, while insulin accounted for only 18%. The remaining costs were for doctor visits, prescriptions, and other medical expenses.

This study highlights the importance of looking beyond just the cost of insulin and understanding the full scope of diabetes-related healthcare expenses. For people with type 2 diabetes, managing their condition well can help reduce the likelihood of hospitalization and related healthcare costs.

It’s also important to note that this study was based on data from a private insurance plan, so the findings may not be applicable for everyone. For example, people with different insurance plans or without insurance may have different experiences with diabetes-related expenses.

In conclusion, while the cost of insulin is a significant issue for many diabetes patients, it’s not the only expense to consider. Understanding the full range of healthcare expenses and working to manage the condition effectively can help reduce overall costs and improve quality of life for people with diabetes.