FInancial Costs Associated

The financial relationship of Seniors over the age of 55 with T2DM comes at a cost. Until they can fully take charge of the disease and enter a state of remission, seniors affected by diabetes incur medication and treatment costs, hospital bills and doctor bills. If they cannot reverse the disease, then unfortunately there is an utmost burden financially which can last a lifetime. Treatment of diabetes is associated with continuous medical care that entails periodic consultations with a physician, laboratory examinations, and the taking of either insulin or hypoglycemic agents, which are drugs to manage blood sugar levels. Apart from the costs associated with healthcare, patients must spend money on necessary items like glucose measuring devices, strips for the monitor, and specialized diet food. Health insurance will not cover all of these costs which increase expenditures paid out-of-pocket. Complications arise from insufficient control of diabetes, such as health conditions of the heart and blood vessels, damage to the peripheral nerves, damage to vital organs (kidneys), and vision related issues. This often can lead to expensive hospital stays and the need for specialist care; all of which can escalate costs. Besides direct medical expenditures, there are other indirect financial repercussions that can occur such as decreased productivity in the workplace, higher rates of absenteeism, or sometimes having to leave work altogether because of mental or physical
incapacitation. These economic pressures pose a hardship for individuals considered as low-income earners, forcing them to face the reality of deciding between buying medicine or fulfilling vital day-to-day necessities. In the end, the financial aspect for an individual with type 2 diabetes can be complex. Notably, financial responsibility lies on a person’s ability to pay for medical or having access to reliable health care.
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