Relationship Between Overall Healthcare Expenses and Diabetes Medication Costs by Race/Ethnicty
Relationship Between Overall Healthcare Expenses and Diabetes Medication Costs by Race/Ethnicty $3,503K White non-Hispanic . $3,002K $2,502K Medication Cost $2,002K Black non-Hispanic $1,501K $1,001K . Asian Hispanic . Asian non-Hispanic $500K . White Hispanic $0B $18 $2B $3B $48 $58 $6B Healthcare Expenses
Trend Lines Model A linear trend model is computed for sum of Medication Cost given sum of Healthcare Expenses. The model may be significant at p <= 0.05. Model formula: ( Healthcare Expenses + intercept ) Number of modeled observations: 7 Number of filtered observations: 0 Model degrees of freedom: Residual degrees of freedom (DF): 5 SSE (sum squared error): 7.00907e+10 MSE (mean squared error): 1.40181e+10 R-Squared: 0.992225 Standard error: 118398 p-value (significance): <0.0001 Individual trend lines: Panes Line Coefficients Row Column p-value DF Term Value StdErr t-value p-value Medication Cost Healthcare Expenses < 0.0001 5 Healthcare Expenses 0.0005355 2.12e-05 25.2606 <0.0001 intercept 188602 53032.2 3.55637 0.0162771
Please explain in detail the relationship between healthcare expenses and diabetes medication costs and also the results from the trend line model? What conclusions can be drawn from this analysis?
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