In a first-of-its-kind study, researchers used a unique dataset to show that patients with type 2 diabetes have significantly worse financial outcomes than other patients.
Findings showed diabetes patients fared worse on all seven financial outcomes studied, including below-prime credit scores, medical and non-medical debt in collections, 60-plus-day delinquent debt, debt charge-offs, bankruptcy filings and foreclosure.
The diabetes patients in this study were compared to people who had a blood test to check for diabetes but who were not diagnosed with diabetes, said Cäzilia Loibl, co-author of the study and professor and chair of consumer sciences at The Ohio State University.
We found that patients with diabetes are more…
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