The Cost of Diabetes
The total estimated cost of diagnosed diabetes in the United States in 2017 is $327 billion, including $237 billion in direct medical costs and $90 billion in reduced productivity. Currently, diagnosed diabetes counts for every 1 in 4 health care dollars in the US.
Indirect costs compounding the impact of diabetes include:
1. Missed work days
2. Reduced work productivity
3. Reduced workforce participation due to disability
4. Household productivity loss
5. Lost productivity due to premature mortality
The cost of diabetes in New Jersey is estimated at $9.2 billion each year and more than $4.7 million in Ocean County. These cost estimates highlight the substantial burden that diabetes imposes on our residents financially. Additional components of the burden of diabetes include intangibles from pain and suffering, resources from care provided by non-paid caregivers, and the burden associated with undiagnosed diabetes.