Type 2 insulin has doubled in cost since 2001, and some UI diabetic students say they’ve noticed the difference. The cost of diabetes medication has risen from $6.5 billion in 2001 to $12.5 billion in 2007, according to research released last week from the University of Chicago and Standford University. In the next three years, the UI will build a diabetes-research center that will help university professors research the condition to possibly east the cost of medication.
Type 1 diabetes - normally referred to as juvenile diabetes - occurs when the pancreas doesn’t produce a sufficient amount of insulin for the body. This illness usually occurs before age 20 and affects 3 million Americans, one million of whom were treated last year, according to the Juvenile Diabetes Foundation.
And like medications treating juvenile diabetes, the price of treating type 2 diabetes is increasing, albeit not as much. Avandia, a new, more expensive medication costs $225 a month, while the generic Metformin costs $30 a month. Metformin is the more commonly used and effective drug, according to the recently-released study. Researchers said they’re constantly looking at new medicines to try cut the cost.
Source: The Daily lowan
Filed under Diabetes, Diabetes Drug, IDDM, NIDDM | Tags: cost of diabetes drug, Diabetes medication, diabetes research, Juvenile Diabetes, Metformin, Standford University, type 1 diabetes, Type 2 insulin, University of Chicago | Comment Below