Diabetes Will Cost Employers $20.4 Billion in Lost Productivity This Year
You may want to think twice about bringing in that box of donuts. A new report says employees with diabetes are costing businesses billions of dollars in lost productivity because health-related problems are keeping them off the job.
The report, The Cost of Diabetes in the U.S.: Economic and Well-Being Impact, features the latest results from the Gallup-Sharecare Well-Being Index, a population health barometer produced by Gallup, the public opinion polling firm, and Sharecare, an Atlanta-based digital health company.
The overall findings in the report are based on phone interviews with 135,426 adults conducted from Jan. 2 through Sept. 30. The employer-impact findings are based on phone interviews with 80,136 full- and part-time workers conducted from Jan. 2 through Oct. 15.
Overall, 11.5 percent of the adult population in the U.S. has diabetes, according to the report. That’s higher than the 9.3 percent reported by the Centers for Disease Control and Prevention earlier this year. Each adult with diabetes incurred an extra $8,480 in health care costs this year, adding $245.5 billion to the nation’s health care tab this year alone, the new report said.
The prevalence of diagnosed diabetes among workers is less than the overall population, according to the report. Some 6.3 percent of full-time workers and 9.1 percent of part-time workers have diabetes.
But that’s where the good news stops for employers. According to the report, full-time employees with diabetes will miss an extra 5.5 days each this year, totaling more than 45 million missed days of work.
That will cost employers $16 billion in lost productivity. Part-time employees with diabetes, meanwhile, will miss an extra 4.3 days each this year, totaling nearly 13 million missed days of work. That will add another $4.4 billion in lost productivity.
The report recommended that hospitals and health systems in individual markets partners with large employers there to create “best-in-class” diabetes management programs that:
- Offer professional education to health care providers
- Use standardized, evidence-based protocols for inpatient and outpatient diabetes care
- Empower advanced practice nurses to specialized in diabetes care
- Support outpatient prevention and self-management education for those with diabetes and for those at risk of diabetes
To learn more about what employers can do to combat diabetes in the workplace, read “The ROI of Diabetes Management” in the November issue of Twin Cities Business.