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So how many bailouts do we cost?

Doris' Blog
By: dorisjdickson

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Posted: Nov 19, 2008 12:12
  • So how many bailouts do we cost?

    According to this Associated Press article, we (diabetics) cost a huge chunk of the $700 billion financial bailout per year.  I think it equals the A1G portion alone!  That's a lot of money.

    What got me was when I read yesterday (can't find it to attach link) that most of the money goes towards treating complications, not prevention, not treatment, not education - complications! Some 75/80 % spent on diabetes related expenses are for complications. 

    Of course that corresponds with the answer to my questions "Why do we more readily treat secondary disease(s) than we do high blood sugar?"  Answer - "it's easier." 

    Personally, I spend some $445 per month just on BC/BS premiums.  Add to that my not so cheap copays for 4 kinds of insulin, test strips, thyroid meds, blood pressure meds and doctor's appointments/lab tests. 

    But that's not even the actual costs.  Those are my costs.  Consider the Explanation of Benefits (EOB) that comes from the insurance company with each expenditure which lists the contract payment for each item.  Add that all together and you get the full direct costs (not indirect costs like time off for doctor's appointments etc.). 

    I also know that most of my expenditures are related to treatment and prevention.  Most of it is for insulin, test strips, preventative lab tests and doctors appointments. 

    However, some of it has been for diabetes related features such as frozen shoulder, trigger finger, that high blood pressure med that was inevitably from long-term diabetes, etc. 

    I have not, however, ever cost an insurance company the thing they fear most - ambulances, ER visits and diabetes related admissions.  So, I'm pretty proud of that and they should be pretty happy about it!

    But in order to continue to avoid ER visits and complication expenses, I need to test as much as I do (15 times a day), continued personal dedication, education and research, multiple daily injections of quality insulin products, quarterly lab tests and doctor's visits and medical insurance to offset the costs. 

    It's much like a see saw if you ask me.  We're going to cost ourselves and others money.  I guess it's up to each individual whether we incur bills of 80% complications or 80% treatment and prevention.  Guess which I choose.

    Doris J. Dickson

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