Health and Medical News and Resources

General interest items edited by Janice Flahiff

Patients with Type 1 Diabetes Spend About $2,500 a Year in Health Care Costs

While insulin comprises a big part of diabetes expenses for children and adults, diabetes-related supplies can cost even more.

From the Jun 1, 2020 University of Michigan Health Lab News Release

diabetes monitor, syringe and bottle

Adults and children with type 1 diabetes will spend an average of $2,500a year out-of-pocket for health care – but insulin isn’t always the biggest expense – new research suggests.

While out-of-pocket costs for insulin was substantial, it accounted for just 18% of total out-of-pocket expenses for health care, according to the findings in JAMA Internal Medicine.

In fact, insulin accounted for less out-of-pocket spending than diabetes-related supplies, such as insulin pumps, syringes and continuous glucose monitors.”

Removing barriers to high-value care

 “Several states and insurers imposed monthly caps on these [out-of-pocket] costs [for insulin] earlier in 2020. The Centers for Medicare and Medicaid Services just announced that many elderly Medicare beneficiaries will soon pay no more than $35 for a one-month supply of insulin. “

More at the news release

Help for paying for diabetes medicine and supplies

June 4, 2020 Posted by | Consumer Health, Finding Aids/Directories, Uncategorized | , , , , , | Leave a comment

   

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