Yes, diabetes treatment can be costly. However, controlling and managing your diabetes can be cost effective in the long run by avoiding complications if you take charge and follow the guidelines set by your diabetes care team (registered dietitian, diabetes educator, endocrinologist, and most importantly you).
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Most people with diabetes spend two to three times more money on medical care than people without diabetes. If you have diabetes, your healthcare costs will be about $11,744 each year -- and over half of that will be due to diabetes. In fact, you're likely to see your expenses go up by about $4,174 in the first year after you're diagnosed. That can be hard on your finances. How you manage the cost of your diabetes care will depend on your health insurance coverage, income, and other life circumstances. To keep stress at a minimum, talk to your diabetes educator or doctor about ways to save money while getting the care you need.