Diabetes lifetime costs - as expensive as a house?
Posted Aug 12 2013 3:35am
Posted by Neill Abayon
A recent report published in theAmerican Journal of Preventive Medicinebreaks down the costs of living with type 2 diabetes over the course of a lifetime. The dollar amount is eye-opening, and so are the differences in costs between men and women.
To calculate the costs of living with type 2 diabetes on an individual basis, researchers from the Centers for Disease Control (CDC) and Research Triangle International created a simulation model that could compile the costs of both treating the condition and managing its complications. This is as opposed to only focusing on the overall economic burden of treating type 2 diabetes in a year.
The findings reveal that on average, a person with type 2 diabetes spends more than $85,000 over the course of their lifetime on treating the disease and managing complications.
Additionally, the point at which a person is diagnosed with the disease can affect how much they spend during their lifetime. For example, a man diagnosed with type 2 diabetes when he is between 25 and 44 will spend $124,700.
But women from the same age range will pay over $5,000 more, at $130,800 during their lifetime. Researchers note that costs go down the later in life a person is diagnosed with the condition.