Distribution of the Annual Costs of a Cohort of Patients with Diabetes in a Large Colombian Health Insurer

Author(s)

Echeverri E1, Ruiz AJ1, Rondon M2, Rosselli D3
1Pontificia Universidad Javeriana, Cali, VAC, Colombia, 2Pontificia Universidad Javeriana, Bogota, Colombia, 3Pontificia Universidad Javeriana, Bogota, CUN, Colombia

Presentation Documents

OBJECTIVES: To analyze the distribution of overall annual costs of a cohort of adult patients with Type 2 diabetes, from the third-party perspective of a private health insurer in Colombia.

METHODS: Direct medical costs were extracted from administrative claims provided by a large private health insurer, derived from the year prior to the introduction of a new disease management program for adults with type 2 diabetes which was gradually introduced nationwide during 2019. Costs in Colombian pesos (COP) were converted into US dollars (USD) at the average official exchange rate for 2019 (1 USD = 3,281 COP). Descriptive statistics of overall costs are presented.

RESULTS: Costs were obtained from 18,328 subjects. The average annual cost for this cohort was USD $1,736, with a huge standard deviation (USD $3,414). On the other hand, the median cost was well below the mean (USD $863), and the interquartile range went from USD $476 to $1644. While 4% of patients had an annual cost below USD $150 and another 23.5% would cost between USD $300 and $600, a relatively small proportion (2.7%) had a cost above USD $9,000. The gamma distribution was the best fit for the data (parameters 0.09;2).

CONCLUSIONS: Overall costs of complex medical conditions like diabetes are far from having “normal” or uniform distributions. Median costs are normally well below the mean which tends to be skewed to the right due to a relatively small proportion of patients, those with several comorbidities or with high cost complications, which incur in disproportionally high costs for the healthcare system.

Conference/Value in Health Info

2023-05, ISPOR 2023, Boston, MA, USA

Value in Health, Volume 26, Issue 6, S2 (June 2023)

Code

MSR5

Topic

Economic Evaluation, Study Approaches

Disease

Diabetes/Endocrine/Metabolic Disorders (including obesity)

Explore Related HEOR by Topic


Your browser is out-of-date

ISPOR recommends that you update your browser for more security, speed and the best experience on ispor.org. Update my browser now

×