
Can Diabetes Bankrupt a Country?
Diabetes is not only expensive for those who have the disease, but it is also expensive for the government and countries that those people live in.
Currently, the worldwide cost of diabetes is 825 billion dollars per year. Unfortunately, that cost is only going to increase because diabetes is one of the fastest growing health problems in the world.
To put it in numbers, in the 1970’s, diabetes cost 1 billion dollars per year. The number increased to 116 billion in 2007, and is now more than 7 times that. It is estimated that by 2035, 600 million people will have diabetes and 90% of those patients will be diagnosed with type 2 diabetes, which is a preventable disease.
Why are the costs so high?
There are several complications related to diabetes that require treatment. Unfortunately, the treatments for those complications are not cheap.
Complications include:
Kidney disease, which increases the cost of diabetes by 65% initially, and up to 195% when it gets worse. End stage renal disease increases costs by 771%.
Heart disease or stroke, which increases the cost by 360%.
High blood pressure, which increases the cost by 50% once you are on medications or have seen a cardiologist.
Neuropathy
Non-healing wounds or amputations
Vision problems or even blindness
85% of the world’s diabetes budget is spent on complications, which is absurd.
That leaves little money for prevention or treatment before complications arise. With limited financial resources to help before major problems occur, complications caused by poorly treated diabetes are only going to increase in number and sev
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