Saving on the Cost of Diabetes Care (cont.)

Cost of Diabetes: Strategies for Saving Money

Even if she must stay on medication, Phillips is cutting her cost of diabetes by taking a combination diabetes drug. Many people with type 2 diabetes take more than one medicine. "Two or three is not uncommon," says Paul Jellinger, MD, president of the American College of Endocrinology.

Avandamet, which Phillips takes, combines the drugs metformin and rosiglitazone, which work by decreasing the amount of sugar the liver produces or by making the body more sensitive to insulin.

If someone with insurance were to take the two drugs individually, they would have to pay a co-payment for each one, doubling their cost. Those paying full retail prices out of pocket could benefit even more from a combination drug. For example, at one pharmacy, 60 tablets of Avandamet sell for $62, while 60 tablets each of the brand-name versions of metformin and rosiglitazone together cost $166.

Other examples of combination drugs are Metaglip (glipizide plus metformin) and Glucovance (glyburide plus metformin). "And there are more coming," Jellinger tells WebMD.

Considering generic drugs can cut your cost of diabetes care, sometimes significantly. Retail prices for generics are generally lower. Also, when a generic version of a drug becomes available, sometimes health plans will charge a higher co-pay for the name-brand version or may stop covering it altogether. The diabetes drugs available as generics are:

  • Chlorpropamide (Diabinese)
  • Glipizide (Glucotrol)
  • Glyburide (Diabeta)
  • Metformin (Glucophage).

"Wherever possible, go generic," James Gavin, MD, chairman of the National Diabetes Education Program, tells WebMD.

The cost of medications isn't the only cost involved in diabetes care, however. Phillips expects to pay $80 a month for test strips when her insurance runs out. She says she has seen test strips on eBay go for much less, and she says she would be willing to give that a try. "As long as it's a sealed, unexpired box, I'd buy it."

Gavin doesn't explicitly encourage buying on eBay, but he says people should bargain hunt and comparison shop like they would for anything else.

Diabetes Costs: Paying for the Insulin Pump

Diabetes is the sixth leading cause of death in the United States and is estimated to cost the nation $132 billion annually. Given the numbers, 46 states have mandated that insurers must cover not only diabetes medicines, but also supplies and equipment.

Some states have even written provisions into their laws that require insurers to pay for insulin pumps.