Costly or Not?

After all of the previous research done in trying to learn more about the Artificial Pancreas and how it will help ease the burden placed on Diabetes patients, I began to wonder how much exactly will this product cost patients? For most just being able to afford the Continuous Glucose Monitor is beyond their financial reach because insurance companies typically won't cover it. So will the insurance companies cover this new piece of technology or will patients continue to struggle and not be able to afford the device which could alter their lifes for the better?

In most articles I've come across, there is no specific price which is given as an estimate for the device, but most seem hopeful for the price to be right around that of the CGM. Also, the JDRF is pushing towards attempting to push for insurance coverage of the device once it is approved for use by the public.

Also, speaking in terms of overall cost, this product would greatly reduce the amound patients would spend treating their Diabetes, it would be very cost-effective in the long term.

Here are a couple links which lightly discuss this topic:

http://artificialpancreasproject.com/faq/#approximately-how-much - this link also answers many questions which one may have about the device, it's development, etc..

http://web2100.jou.ufl.edu/index.php?id=1237