- Total cost of diabetes has increased 41% since 2007
- Rising costs are due to "sheer number" of people with the disease
- Estimated 22.3 million people were living with diabetes in 2012
Dr. John Anderson isn't surprised by the rapidly growing cost of diabetes in America. New research from the American Diabetes Association shows the total cost of diabetes was $245 billion in 2012 -- a 41% increase from the $174 billion spent in 2007.
"I know of no other disease that's increasing at (about) 8% per year," said Anderson, president of medicine and science for the American Diabetes Association. "That to me isn't surprising, it's troubling."
What is surprising, Anderson said, is that the increased price isn't due to rising health care costs. It's due instead to the "sheer number" of Americans who have diabetes.