The Financial Burden of Diabetes Care

Unfortunately, diabetes does not discriminate. It doesn't care if you're rich, or if you're poor. If you are poor, or don't have the greatest health care insurance, this can be a real problem. Diabetes is an expensive disease.

The Cost of Diabetes

With all the new diabetes research and breakthrough technology, you would think that a diabetic could get the care he or she needs. Unfortunately, this isn’t the case. Many simply can’t afford their disease.

Solutions Out of Reach

Insulin has been around since the 1920s. Almost a century later, there's still no generic form. Insulin can easily cost $200 or more for a vial. Disposable blood sugar testing supplies can cost a few dollars per day. While some generic diabetes drugs are modestly price, most of the newer drugs that are more effective and safer are unobtainable for many diabetics.

Diabetics spend an average of $10,000 more per year for prescription drugs and treatments than the average person. Even a lot of people who have insurance are not covered for brand-name diabetes drugs and have to go with the bare minimum options. Many go untreated or skip treatments some months because they can’t afford it.

The Need for Reform

Skipping medications is an option that comes with an even heftier price tag. Diabetes complications will only result in the need of more meds, increasing your health care costs even further. It's a vicious cycle. People are dying not because treatment doesn’t exist, but because they can’t afford it.

New insurance standards, new assistance programs and new generic drug options are needed now. The health research and care industry needs to start focusing more not just on new treatments, but on making treatments affordable so that diabetics everywhere can not only survive, but thrive.

Photo: Sip Pharmacy