Diabetes is a serious and costly disease that affects millions of people worldwide. According to the American Diabetes Association, the total costs of diagnosed diabetes in the United States alone amounted to $327 billion in 2017, with 15% of this cost accounted for by anti-diabetic agents and diabetic supplies.
One of the most significant expenses associated with managing diabetes is the cost of diabetic test strips, which can run up to $2 per strip.
For those who are uninsured or underinsured, the cost of test strips can be a substantial financial burden. Patients with type 1 diabetes, for example, may need to test their blood sugar up to 7 times per day on average, which equates to $420 worth of test strips per month.
The high cost of managing diabetes has led to the emergence of a secondary market for buying and selling unused diabetic test strips.
It is important to note that while buying and selling unused diabetic test strips is not illegal, there are guidelines that must be followed.
Test strips purchased by Medicare or Medicaid cannot be sold, as they were paid for by the federal government, and it is illegal to profit off the government’s programs and services. Additionally, test strips that were acquired illegally cannot be sold.
Selling unused test strips can be beneficial for those who are managing diabetes and need to recoup some of the costs associated with managing the disease. It can also provide a more affordable option for those who cannot afford the high prices of test strips at pharmacies.
However, it is crucial to ensure that you are working with a legitimate company that handles and stores the supplies properly, and pays sellers accordingly. One reputable company that can help you sell your extra diabetic supplies is StripsUSA.com, they pay fast and have great customer service.
In conclusion, managing diabetes is a significant financial burden for many individuals, and the high cost of diabetic test strips can be a significant obstacle for those who are uninsured or underinsured.
While the underground market for buying and selling unused diabetic test strips can provide an affordable alternative, it is important to follow guidelines and ensure that you are working with a legitimate company such as StripsUSA.com. It’s crucial to raise awareness about the challenges that patients with diabetes face, and look for ways to make managing diabetes more affordable.