The cost of treating Type 1 diabetes in the United States with necessary insulin injections almost doubled over a five-year period, NBC News reports. A recent Health Care Cost Institute study found that Type 1 diabetics were paying annual insulin costs of $5,705 on average in 2016, compared to an average $2,864 yearly insulin expense in 2012. Broken down daily, the cost ended up being about $15 in 2016. In 2012, users spent only $7.80 per day on average in 2012. The study attributed the increase in spending to the higher cost of the medicine and a shift towards more pricey insulin products. “Use is pretty flat, and the price changes are occurring in both older and newer products. That surprised me,” report co-author Jeannie Fuglesten Biniek said. “The exact same products are costing double.” About 1.2 million people in the U.S. have Type 1 diabetes, a condition that causes the pancreas to stop producing insulin. Type 2 diabetes, which is more common among Americans, can be treated through other medications but those affected might have to turn to insulin injections if their condition progresses far enough.
TOP 10 RIGHT NOW