Nomi Health has released data that diabetes costs U.S. employers $245B annually, more than double the entire U.S. automotive industry’s value.
The data shows the cost of care for people with diabetes to employers
increases by 20% annually, with someone diagnosed with diabetes every 21
seconds in the U.S.
- Nomi Health, a
nationwide direct healthcare system, analyzed almost half a million
employer health insurance claims to show changes in employer spending on
diabetes.
- Employers spend $175B yearly on direct medical and pharmacy costs for diabetic members.
- Indirect costs from employee absenteeism, reduced productivity, and diabetes-related disability are almost $70B.
- Nomi
Health’s analysis is part of the Trends in Spend Tracker series, which
aims to call attention and action to critical shifts in healthcare
costs.
- The high cost of diabetes extends to the chronic
conditions associated with it, which often cost more than diabetes
itself, the data shows.
