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Diabetes costs employers $245 billion per year: Report

Posted On: Mar. 15, 2023 10:02 AM CST

Diabetes costs employers $245 billion every year in both direct costs and indirect costs, as the disease impacts productivity and absenteeism, according to new data, reports Fierce Healthcare. Of that, about $175 billion is direct costs, such as medication and treatment, according to estimates by Direct health startup Nomi Health, which analyzed about 500,000 employer claims. The remaining $70 billion is related to indirect costs, such as absenteeism, lost productivity and disability.