Costs of diabetes-related absenteeism high in USA

Costs of diabetes-related absenteeism high in USA PharmacoEconomics & Outcomes News 792, p9 - 2 Dec 2017 Costs of diabetes-related absenteeism high in USA Costs of diabetes-related healthcare and absenteeism are high in USA, reported Mary Caffrey from the American Journal of Managed Care (AJMC) Managed Markets Network. In a report released for World Diabetes Day, an analysis of data from 135 000 interviews in 50 US states for the Gallup-Sharecare Wellbeing Index found that diabetes mellitus was associated with a total of $425.5 billion in healthcare costs and $20.4 billion in employer costs due to absenteeism in 2017. According to the Cost of Diabetes in the U.S.: Economic and Well- Being Impact report, the incidence of diabetes in US adults in 2017 was 11.5% overall, 6.3% in full-time workers and 9.1% in part-time workers. Compared with the general population, full-time and part-time workers with diabetes missed an additional 5.5 and 4.3 workdays per year, respectively. Nationally, employers lost 58 million more work days in employees with diabetes than in employees without diabetes. At $354 per lost work day, employer costs due to absenteeism totalled $16 billion and $4.4 billion for full-time and part-time workers, respectively. "As these very large companies have become self- insured, they see the benefit of keeping people healthier longer to mitigate the risk of prediabetes, and eventually diabetes," commented Sheila Holcomb, vice president of Sharecare Diabetes Solution. Sharecare’s Blue Zones initiative has shown that communities with low rates of diabetes also have lower rates of heart disease, obesity and smoking, increased levels of exercise, and increased access to healthcare. "If you can slow down the progression—or stop the progression—of type 2 diabetes, that’s not only good for the employers, it’s good for the employees as well," said Holcombe. Caffrey M. Healthcare, Absenteeism Costs of Diabetes Reach $266B in US Internet Document : 14 Nov 2017. Available from: URL: http://www.ajmc.com/ newsroom/healthcare-absenteeism-costs-of-diabetes-reach-266b-in-us 803284218 1173-5503/17/0792-0001/$14.95 Adis © 2017 Springer International Publishing AG. All rights reserved PharmacoEconomics & Outcomes News 2 Dec 2017 No. 792 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png PharmacoEconomics & Outcomes News Springer Journals

Costs of diabetes-related absenteeism high in USA

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Publisher
Springer International Publishing
Copyright
Copyright © 2017 by Springer International Publishing AG, part of Springer Nature
Subject
Medicine & Public Health; Pharmacoeconomics and Health Outcomes; Quality of Life Research; Health Economics; Public Health
ISSN
1173-5503
eISSN
1179-2043
D.O.I.
10.1007/s40274-017-4532-4
Publisher site
See Article on Publisher Site

Abstract

PharmacoEconomics & Outcomes News 792, p9 - 2 Dec 2017 Costs of diabetes-related absenteeism high in USA Costs of diabetes-related healthcare and absenteeism are high in USA, reported Mary Caffrey from the American Journal of Managed Care (AJMC) Managed Markets Network. In a report released for World Diabetes Day, an analysis of data from 135 000 interviews in 50 US states for the Gallup-Sharecare Wellbeing Index found that diabetes mellitus was associated with a total of $425.5 billion in healthcare costs and $20.4 billion in employer costs due to absenteeism in 2017. According to the Cost of Diabetes in the U.S.: Economic and Well- Being Impact report, the incidence of diabetes in US adults in 2017 was 11.5% overall, 6.3% in full-time workers and 9.1% in part-time workers. Compared with the general population, full-time and part-time workers with diabetes missed an additional 5.5 and 4.3 workdays per year, respectively. Nationally, employers lost 58 million more work days in employees with diabetes than in employees without diabetes. At $354 per lost work day, employer costs due to absenteeism totalled $16 billion and $4.4 billion for full-time and part-time workers, respectively. "As these very large companies have become self- insured, they see the benefit of keeping people healthier longer to mitigate the risk of prediabetes, and eventually diabetes," commented Sheila Holcomb, vice president of Sharecare Diabetes Solution. Sharecare’s Blue Zones initiative has shown that communities with low rates of diabetes also have lower rates of heart disease, obesity and smoking, increased levels of exercise, and increased access to healthcare. "If you can slow down the progression—or stop the progression—of type 2 diabetes, that’s not only good for the employers, it’s good for the employees as well," said Holcombe. Caffrey M. Healthcare, Absenteeism Costs of Diabetes Reach $266B in US Internet Document : 14 Nov 2017. Available from: URL: http://www.ajmc.com/ newsroom/healthcare-absenteeism-costs-of-diabetes-reach-266b-in-us 803284218 1173-5503/17/0792-0001/$14.95 Adis © 2017 Springer International Publishing AG. All rights reserved PharmacoEconomics & Outcomes News 2 Dec 2017 No. 792

Journal

PharmacoEconomics & Outcomes NewsSpringer Journals

Published: Dec 2, 2017

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