Results of the Northeast Business Group on Health report suggest that employees with diabetes cost employers a staggering $175 billion per year in direct medical costs. Meanwhile, indirect costs – such as lost productivity – account for an additional $70 billion annually. Of particular concern, the report also found that while diabetes currently effects one in 10 Americans, that number could swell to as much as one in three by 2050.
With that in mind, HR Morning News suggests that if your wellness program doesn’t currently include a component that is directly dedicated to the prevention and management of diabetes, you should probably consider adding one soon.
The good news is that the majority of employers already recognize the importance of diabetes, with around half of those in the study saying that diabetes is one of their top three health concerns. Further, 85 percent of HR professionals said that their company currently has a diabetes prevention or management program in place or that they plan to start one in 2015.
Still on the fence about whether you should include such a program in your offerings? The Northeast survey revealed that an employer can see a $4 return on investment for every dollar spent on a diabetes program.
So, perhaps your new year’s resolution for your company should be adding diabetes programming to your employee wellness offerings.