Healthcare Expenditure on Kids with Diabetes on the Rise
Published By : 07 May 2015 | Published By : QYRESEARCH
Health care expenditure is most often on the rise. However, researchers are always focusing on which sector will yield the highest growth. Not surprisingly, the expenditure on diabetes has increased over the years as more and more Americans are being diagnosed with the metabolic disease.
A recent study has revealed that health care expenditure on kids suffering from diabetes has increased the most, especially among those with private health care insurance.
According to the study conducted by the Health Care Cost Institute, health care spending for insured children suffering from diabetes went up 7 per cent from 2011 to 2012 and rose by 9.6 per cent from 2012 to 2013.
These figures are based on the evaluation of researchers on insurance claims provided by employers that have been filed on behalf of or have been filed by around 40 million Americans below the age of 65. The study by Health Care Cost Institute also showed that among Americans privately insured, 5.3 per cent were diagnosed with either Type 1 or Type 2 diabetes in 2013. This number increased from a 4.7 per cent in 2009.
David Newman, executive director of the Health Care Cost Institute stated in a press release that the number of Americans diagnosed with diabetes continues to rise and the amount of money spent by these individuals on health care also continued to grow. People associated with health care need to properly understand the relationship between the amount of money spent on diabetes and the actual outcome for people suffering from the metabolic disease, especially children.
One of the main reasons identified by researchers behind the increased spending on diabetes is that children with diabetes are administered with branded insulin more frequently than older Americans diagnosed with the disease.