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Saving money on type 2 diabetes care oct 26 newer drugs aren’t necessarily better for type 2 diabetes . an older pill is safer and more effective for controlling blood sugar in most people. consumer reports has.. According to one study on diabetes care, it has been found that a person who has diabetes will spend almost $4,000 each year on medical expenses alone. moreover, the medical cost could increase up to $150 every year right after the diagnosis.. 2. chase the discounts. in money saving strategies for diabetes care supplies, suzanne ghiloni (bsn, rn, and cde at the joslin diabetes center) suggests clipping coupons and hunting for deals. for example, ghiloni notes that drug stores may produce their own health magazine, which often contain coupons..