Yes. Most diabetics tend to have high cholesterol. When one has diabetes the risks of a heart attack increases because of its association to increased level of cholesterol. There is a new drug called welchol (colesevelam). It has lipid lowering effect and also helsp in lowering bs. It is not the first line of drug choice. If your diabetes is not that bad and your cholesterol is elevated welchol (colesevelam) may certainly.
No. The same person often has both but there is no direct connection. Genetics, obesity and lifestyle may lead to both though. There is no single drug used to treat both cholesterol and diabetes, however there is one combo pill called juvisync that has two medications in it. One diabetes med and one cholesterol med. The diabetes drug is not necessarily considered a first line med though.