Once diagnosed with diabetes you have to take decision regarding how to control diabetes and take care of yourself. The first priority will be insulin. You can use it either manually by using injections and syringes or by using the diabetic pump.
The majority of cost allowance will go towards insulin and not having insulin can be life threatening, but what does a patient diagnosed with diabetes do if he or she has no health insurance to pay for the medication? The recent economic indicators only prove that the drug cost is going up.
Retail insulin sales in the United States increased steadily from $816 million in the year ended November 1995 to $1.3 billion in the year ended November 2000. That's a compound annual growth rate of 9.8 percent. However, the cost of living increased 2.5 percent, according to U.S. Bureau of Labor Statistics data. In real dollars, therefore, insulin sales increased 7.3 percent.
Simply dividing sales dollars by the number of prescriptions written might be misleading, however comparing the 26 million prescriptions for the year ended November 2000 divided by that year's sales with the 25 million prescriptions written five years earlier divided by sales then shows an increase from $32.65 per prescription to $50.01. That is a compound annual increase of 8.9 percent of which 2.5 percent reflects the increased cost of living for a real increase of 6.4 percent.
It would be interesting to see what the new forecast show. In any event the trend still shows progression indicating insulin sales will not plummet during this economic slowdown.
If you or someone you know is diabetic and needs health insurance coverage, please visit our website at http://www.health-insurance-buyer.com and leave your contact information. One of our licensed agents will contact you in response to your inquiry and help you locate a carrier.
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