The economic cost to individuals with diabetes continues to increase. It’s the most expensive chronic disease in the U.S. to treat and it’s the 7^th leading cause of death. It doesn’t matter whether individuals have Type 1, Type 2 or gestational diabetes, the cost of treatment and management is significant.

Genetics

It’s important that people understand that while lifestyle choices can contribute to the development of diabetes, there are other factors at play. Genetics play a significant role and a variety of viruses can trigger the immune system to attack the cells in the pancreas that enable cells to use glucose (sugar) in the bloodstream. The result is diabetes.

Rising Costs

There are numerous reasons for the increase in costs, the primary of which is that pharmaceutical companies are charging more for their products. They’re transitioning from older forms of insulin to newer types and claim the higher prices are necessary to pay for the cost of developing it.

Insulin is essentially a cash cow for pharmaceutical companies that know people with diabetes must have insulin to live. The U.S. represents 15 percent of the insulin market globally but generates 50 percent of the industry’s revenue.

Affordability

Diabetic-related costs are taking a high toll on people with the disease, mentally, physically and financially. Many individuals can’t afford the test strips or insulin they need to monitor and manage the disease and it’s not just the uninsured and underinsured feeling the effects. Insurance companies are demanding that clients pick up a larger share of the costs through higher co-pays.

The American Diabetes Association gives the estimated cost of diabetes in 2017 – the last year for which statistics are available – as $327 billion, an increase of 26 percent over the previous 5 years. The situation is so dire in the U.S. that an increasing number of people are traveling to Canada to obtain the insulin and supplies they need.

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