Yes. According to American Academy of Dermatology, skin tags are indeed a sign of diabetes. Apart from skin tags, you may also experience other warning signs on your skin such as:
Yellowish, reddish, or brown patches. It is also referred to as necrobiosis lipoidica
A velvet like feeling when you touch certain darker areas of your skin. It is also referred to as acanthosis nigricans
Thickened and hardened skin, which is also called digital sclerosis
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