The Relationship between Thyrotropin and Low
Density Lipoprotein Cholesterol Is Modified by
Insulin Sensitivity in Healthy Euthyroid Subjects

Stephan J. L. Bakker, Jan C. ter Maaten, Corrie Popp-Snijders, Joris P. J. Slaets,
Robert J. Heine and Rijk O. B. Gans

The Journal of Clinical Endocrinology & Metabolism Vol. 86, No. 3 1206-1211
Copyright © 2001 by The Endocrine Society

Department of Internal Medicine, University Hospital Groningen (S.J.L.B., J.C.t.M., J.P.J.
S., R.O.B.G.), 9700 RB Groningen; and Institute for Endocrinology, Reproduction and
Metabolism (C.P.-S., R.J.H.) and Department of Clinical Chemistry (C.P.-S.), University
Hospital Vrije Universiteit, 1007 MB Amsterdam, The Netherlands

Abstract
High levels of TSH are associated with an increased cardiovascular risk. Many
cardiovascular risk factors cluster within the insulin resistance syndrome. It is not
known whether levels of TSH cluster as well. We conducted this research to test the
hypothesis that TSH, insulin sensitivity, and levels of low density lipoprotein
cholesterol (LDL-C) and high density lipoprotein cholesterol (HDL-C) are
interdependent in euthyroid subjects. Levels of TSH, free thyroid hormone, and serum
lipids were measured in fasting serum samples taken before performance of a
hyperinsulinemic euglycemic clamp to assess insulin sensitivity in 46 healthy euthyroid
subjects with a mean TSH of 1.8 ± 0.7 mU/L. Significant age- and sex-adjusted partial
correlations of TSH with LDL-C (r = 0.48; P < 0.01) and HDL-C (r = -0.36; P < 0.05)
were observed. TSH was not significantly correlated with insulin sensitivity or fasting
triglyceride concentrations. In line with these results, we found the associations of
TSH with LDL-C and HDL-C to be independent of insulin sensitivity. However, we
observed significant effect-modification of the association of TSH with LDL-C by insulin
sensitivity (P = 0.02). This effect-modification implies a range of associations of TSH
with LDL-C that varies from absent in insulin-sensitive subjects to strongly positive in
insulin-resistant subjects. We conclude that the increased cardiovascular risk
associated with subclinical hypothyroidism seems to extend itself into the normal
range of thyroid function. Importantly, the effect-modification of the association of
TSH with LDL-C by insulin sensitivity suggests that insulin-resistant subjects are most
susceptible to this increased risk.

Introduction
OVERT HYPOTHYROIDISM is associated with an elevated risk of cardiovascular disease
and adverse changes in blood lipids (1, 2, 3). Subclinical hypothyroidism, an
asymptomatic state characterized by normal serum concentrations of free T4 and
slightly elevated serum concentrations of TSH, is also associated with an increased
risk of cardiovascular disease (4, 5, 6, 7, 8, 9). This has potentially important
healthcare implications, because about 10% of the elderly women have been
reported to develop subclinical hypothyroidism (9, 10, 11, 12, 13). However, most
cardiovascular events occur in subjects with normal thyroid function. Thus, the
question of whether an association of TSH with cardiovascular disease also exists in
the euthyroid range is important. One study that addressed this question indeed
showed significantly higher TSH levels in patients with coronary heart disease
compared with healthy controls matched for age, sex, and body mass index (14).
Interestingly, this difference could not be explained by a higher incidence of
subclinical hypothyroidism or thyroid autoantibodies (14).

Therefore, the known associations of overt and subclinical hypothyroidism with
hyperlipidemia and dyslipidemia may be extended into the normal range of thyroid
function. However, differences in mean blood lipids between euthyroid subjects and
subjects with overt or subclinical hypothyroidism seem too small to entirely explain an
increased cardiovascular risk in subjects with high normal TSH levels (13, 14, 15). An
association of high normal TSH levels with the many cardiovascular risk factors that
cluster within the insulin resistance syndrome (16, 17, 18) may be an explanation.
We therefore hypothesized that high normal TSH levels are associated with a greater
degree of insulin resistance than low normal levels of TSH.

A stimulation of the synthesis and activity of hepatic and peripheral low density
lipoprotein (LDL) receptors, and a consequent increase in LDL cholesterol (LDL-C)
clearance in combination with stimulation of high density lipoprotein (HDL) synthesis
is known to play a role in the induction of changes in blood lipids by thyroid hormone
(19, 20, 21, 22, 23, 24). It is also known that an increased production of hepatic
cholesterol and very low density lipoproteins (VLDL), the precursor particles of LDL
(25, 26, 27), and an increased HDL cholesterol (HDL-C) clearance (28) accompany
insulin-resistant states. We therefore also considered the possibility that insulin
resistance modifies the effect of TSH on LDL-C and HDL-C concentrations. The aim of
this study was to explore these hypotheses by investigating the potential association
of TSH with insulin sensitivity as assessed with the gold standard hyperinsulinemic
euglycemic clamp technique (29) and of both TSH and insulin sensitivity with blood
lipids in healthy euthyroid subjects. Moreover, we investigated the interaction of TSH
and insulin sensitivity with each other in potential associations with LDL-C and HDL-C
concentrations.

Study subjects
Forty-seven Caucasian subjects were recruited by advertisement. All were
normoglycemic according to criteria of the American Diabetes Association (30). They
were healthy, nonsmoking, and euthyroid as judged by medical history. All were
normotensive (office blood pressure measurement on recruitment, <140/90 mm Hg),
and none was taking medication. All subjects gave informed, written consent before
participating in the project, and the hospital ethics committee approved the study.

Protocol
All subjects were studied in the morning after an overnight fast. Measurements were
performed on the same day. Body weight, height, and waist and hip circumference
were measured. Two polytetrafluoroethylene cannulas (Venflon, Viggo, Helsinborg,
Sweden) were inserted for intermittent blood sampling and infusions as described
previously (31). After a resting period of 30 min, blood pressure and heart rate were
measured using a semicontinuous blood pressure-measuring device (Nippon Colin BP
103 N sphygmomanometer, Hayashi, Komaki City, Japan). The mean of five readings
was used during evaluation of the results. Sensitivity to insulin-mediated glucose
uptake was assessed by the euglycemic hyperinsulinemic clamp technique, as
described previously (31). A volume of 0.5 mL insulin (600 pmol/L; Actrapid, Novo
Nordisk, Bagsvaerd, Denmark) was diluted to 50 mL with 45 mL saline and 4.5 mL
human albumin (200 g/L). It was infused in a primed continuous manner at a rate of
8.3 fmol/kg•s for 2 h. Normoglycemia was maintained by adjusting the rate of a D-
glucose infusion (1.11 mol/L) as based on frequent plasma glucose measurements
with an automated glucose oxidase method (YSI, Inc., Yellow Springs, OH). The whole
body glucose uptake (M value) was calculated from the glucose infusion rate during
the last 60 min and expressed per unit of plasma insulin concentration (M/I value),
thereby correcting for differences in steady state plasma insulin levels. To calculate
the M/I value, we used the average value of four plasma insulin concentrations
obtained during the second hour of the clamp.

Analytical methods
Analyses were performed in the laboratories of clinical chemistry and endocrinology of
the University Hospital at the Vrije Universiteit Amsterdam. TSH, free serum T4 (fT4)
was measured using an ACS:180 system (Chiron Corp., Emeryville, CA), TSH by an
immunometric assay, and fT4 by competitive immunoassays. Lower limits of detection
were 0.05 mU/L for TSH and 3 pmol/L for fT4. Serum concentrations of HDL-C were
measured with an enzymatic colorimetric method (CHOD-PAP, Roche Molecular
Biochemicals, Mannheim, Germany). Fasting serum triglycerides and total cholesterol
(TC) were measured using an enzymatic colorimetric method (CPO-PAP, Roche
Molecular Biochemicals). LDL-C concentrations were calculated using the Friedewald
formula (32). Non-HDL-C was calculated as TC minus HDL-C. Plasma glucose was
measured with a glucose dehydrogenase method (Merck & Co., Inc., Darmstadt,
Germany; interassay coefficient of variation, 1.4%). Serum urate was determined by
standard laboratory methods.

Plasma insulin concentrations were measured with an immunoradiometric assay
(Medgenix Biosource Diagnostics, Fleurus, Belgium), which has no cross-reactivity for
proinsulin or split proinsulin. Insulin clearance was calculated using the insulin
infusion rate and achieved steady state serum insulin concentrations during the
euglycemic hyperinsulinemic clamp, assuming that endogenous insulin production was
completely suppressed during the clamp (33).

Statistical analysis
Data are reported as the mean ± SD. All correlation analyses were performed using
partial correlation analyses to adjust for age and gender. Two-sided P < 0.05 was
considered to indicate statistical significance. TSH, M/I value, and a product-term of
both (TSH x M/I) were further investigated as determinants of LDL-C, TC, non-HDL-C,
and HDL-C in multiple linear regression models. In all of these models, adjustments
were made for age and gender. All multiple linear regression models were checked
for linearity and their residuals to have a random distribution. Statistical analysis was
performed on a personal computer using a statistical software package (SPSS version
9.0, SPSS, Inc., Chicago, IL).

Results
The characteristics of the study subjects are listed in Table 1 . One subject with a TSH
of 5.5 mU/L was excluded from the study because of biochemical subclinical
hypothyroidism. Exclusion of this subject did not affect the presented associations to
a significant extent. During the hyperinsulinemic euglycemic clamps the average
glucose concentration was maintained at 4.6 ± 0.4 mmol/L. The plasma insulin
concentration attained averaged 432 ± 140 pmol/L.

There were significant age- and gender-independent correlations of TSH with TC, LDL-
C, non-HDL-C, HDL-C, and LDL-C/HDL-C ratio (Table 2 ). There were no correlations of
TSH with the M/I value or any of the other assessed nonlipid insulin resistance
syndrome-related phenomena, including concentrations of fasting insulin and the
waist to hip ratio. Correlations of TSH with individual blood lipids persisted after
further adjustment for M/I values and waist to hip ratio in additional partial
correlation analyses (for LDL-C: r = 0.48; P = 0.001; for TC: r = 0.40; P = 0.008; for
non-HDL-C: r = 0.52; P < 0.001; for HDL-C: r = -0.39; P = 0.011).

Neither the M/I values nor the waist to hip ratio showed significant correlations with
any of the blood lipids; only the correlation of the M/I value with the LDL-C/HDL-C
ratio tended to be significant (P = 0.07). In line with the known associations in the
insulin resistance syndrome, there were strong age- and gender-independent
correlations of the M/I value and the waist to hip ratio with fasting insulin, systolic
blood pressure, diastolic blood pressure, and heart rate (Table 2 ).

Multiple linear regression models were used to determine slopes of associations of
TSH with LDL-C, TC, non-HDL-C, and HDL-C and to determine whether the
associations were either dependent on or modified by M/I values (Tables 3  and 4 ).
The associations of TSH with LDL-C and TC appeared to be significantly modified by
the M/I values. This is indicated by significant product-terms of TSH and M/I value
(Table 3 , model 4; P = 0.02 for LDL-C, P = 0.006 for TC, and P = 0.008 for non-HDL-C;
regression analyses for TC and non-HDL-C not shown). The regression equation in
Table 3 , model 4, predicts an LDL-C of 2.03 mmol/L for a low normal TSH of 0.5 mU/L
in a 40-yr-old insulin-resistant man with an M/I value of 0.5 mL/kg•s, whereas a high
normal TSH of 3.5 mU/L would result in an LDL-C of 5.23 mmol/L. With an M/I value of
3.23 mL/kg•s, the equation would predict an LDL-C of 2.92 mmol/L for both a TSH of
0.5 mU/L and a TSH of 3.5 mU/L. Thus, the association of TSH with LDL-C is much
steeper in insulin-resistant subjects. The regression equation is shown in Fig. 1A .
Although M/I values seem to contribute little to the explained variance of LDL-C
independently of TSH (adjusted r2 = 0.47 instead of 0.46 with TSH alone), it is
important to note that the introduction of the product-term increases the adjusted r2
further, toward 0.52.

Graphical representation of the interaction between the associations of TSH and
insulin sensitivity (M/I value) with LDL-C (A) and the LDL-C/HDL-C ratio (B), derived
from the multiple linear regression equations that included a product-term of TSH and
M/I values. In insulin-sensitive subjects (i.e. an M/I value of 3.5), there is virtually no
association of TSH with either LDL-C or the LDL-C/HDL-C ratio. In insulin-resistant
subjects (i.e. an M/I value of 0.5), the association of TSH with both LDL-C and the LCL-
C/HDL-C ratio is steep. With an increase in TSH levels, the association of M/I values
with either LDL-C or the LDL-C/HDL-C ratio becomes positive. The regression
equation for generation of B was: LDL-C/HDL-C = -0.31 + 0.043 x age - 0.046 x sex +
1.33 x TSH + 0.29 x M/I - 0.35 x TSH x M/I.

TSH was also significantly and inversely associated with HDL-C, independently of the
M/I value (Table 4 ). The best model seems to be the model with TSH alone, with an
adjusted r2 of 0.18, whereas adjusted r2 values of all other models were lower.
The regression equation with the LDL-C/HDL-C ratio, a prime epidemiological
cardiovascular risk indicator, is shown in Fig. 1B .

Discussion
This study is, to our knowledge, the first that addresses the possible linkage among
TSH, insulin resistance, and serum concentrations of LDL- and HDL-C in healthy
euthyroid subjects. We found no association of TSH with insulin sensitivity as
assessed with the gold standard hyperinsulinemic euglycemic clamp technique.
However, there were significant positive associations of TSH with LDL-C, TC, and non-
HDL-C and an inverse association with HDL-C. Interestingly, the associations of TSH
with LDL-C, TC, non-HDL-C, but not that of TSH with HDL-C, were significantly
modified by M/I values. Figure 1A  shows a regression model consistent with a virtual
absence of an association between TSH with LDL-C in very insulin-sensitive subjects,
whereas in insulin-resistant subjects a steep association exists. Our regression
models also suggest that at high values of TSH, there is an inverse association
between M/I values and LDL-C concentrations.

Thyroid hormone supplementation in the case of hypothyroidism results in a decrease
in TC and LDL-C concentrations (19, 22) despite a concomitant stimulation of hepatic
cholesterol synthesis by thyroid hormone (19, 34, 35, 36). Apparently, the increased
cholesterol synthesis is overruled by an increase in LDL-C clearance that results from
up-regulation of hepatic and peripheral LDL receptor synthesis and activity by thyroid
hormone (19, 21, 22, 23, 24). Our results are consistent with unmasking by insulin
resistance of an otherwise unnoticed difference in LDL-C clearance between subjects
with high normal and subjects with low normal TSH levels. The known effects of
insulin resistance on LDL metabolism can explain its unmasking properties. Insulin-
resistant states are accompanied by an increased hepatic cholesterol synthesis, with
overproduction of triglyceride-rich VLDL, the precursor particles of LDL (25, 37, 38).
Despite the increased production of LDL particles, LDL-C concentrations remain
essentially unchanged in insulin-resistant states because of a decrease in cholesterol
content per LDL particle, resulting in higher concentrations of small dense LDL
particles (38, 39). This decrease in cholesterol content per particle results from a
stimulation of cholesteryl ester transfer from LDL to VLDL particles by triglycerides in
the latter particles. The small dense LDL particles have a lower affinity for the LDL
receptor, causing a delay in their clearance (40, 41). It is therefore conceivable that
insulin resistance can unmask the effects of small changes in LDL receptor activity on
LDL-C concentrations. The slightly stronger association for non-HDL-C than for LDL-C
with TSH agrees with this concept, because the non-HDL-C concentration, derived by
subtracting HDL-C from TC concentrations, represents the cholesterol content of VLDL
particles, LDL particles, and their intermediates (42). All of these apolipoprotein B-
containing particles have LDL receptor-binding capacity. Importantly, the use of non-
HDL-C concentrations is gaining appreciation as a cardiovascular risk marker that can
replace LDL-C when fasting triglyceride concentrations are above 4.5 mmol/L and
thus too high to accurately calculate LDL-C concentrations by the Friedewald formula
(42).

Our results also indicate an inverse association between insulin sensitivity and LDL-C
concentrations at high TSH concentrations. This is important, because it may explain
why reports about associations of LDL-C with components of insulin resistance
syndrome vary between absent and mildly inverse (38).

TSH levels were also inversely associated with HDL-C concentrations. However, there
was no effect-modification of this association by M/I values. As with LDL-C
concentrations, there was no association of M/I values with HDL-C concentrations.
Ratios of TC to HDL-C, and even more so those of LDL-C to HDL-C, have been
demonstrated to be very strong indicators of cardiovascular risk. Our finding of a
positive association of TSH with LDL-C in insulin-resistant subjects in combination
with an inverse association of TSH with HDL-C ratio in all subjects explains an even
stronger association of TSH with the LDL-C/HDL-C ratio, as shown in Fig. 1B . Thus,
TSH seems to affect this important cardiovascular risk factor especially in subjects
who are already at risk of developing cardiovascular disease because of their insulin-
resistant state. Interestingly, this association already appears to exist in the
euthyroid range. Our finding is important because it suggests that we should aim for
low normal TSH concentrations in insulin-resistant subjects with cardiovascular
disease or at high risk of developing cardiovascular disease, especially in those that
already require T4 therapy. TSH levels below the normal range should be avoided,
because these are known to be associated with an increased incidence of atrial
fibrillation (43).

A recent meta-analysis indicates that treatment of subclinical hypothyroidism to
restore euthyroidism with thyroid hormone replacement therapy is accompanied by a
small, but significant, decrease in serum TC concentrations, without a consistent
effect on HDL-C concentrations (44). Differences between values of TC and LDL-C in
groups of subjects with subclinical hypothyroidism, euthyroidism, and subclinical
hyperthyroidism in cross-sectional studies are of comparable magnitude, without
significant differences in HDL-C (2, 8, 13, 15, 45, 46, 47). The direction of the
associations of TSH with TC, LDL-C, and non-HDL-C in our study is the same as that in
the aforementioned studies. However, the strength of the associations that we found
is greater than one might have expected. Notably, we investigated young, healthy,
nonsmoking subjects without thyroid disease, whereaslongitudinal treatment studies
and cross-sectional studies almost invariably investigated elderly subjects. In the
latter studies there was no control for the effects of smoking (47). Another important
consideration is that we investigated associations within a group of euthyroid
subjects, whereas differences in mean values between groups were assessed in
previously reported studies.

Recently, subclinical hypothyroidism was identified as a risk factor for atherosclerosis
and myocardial infarction in elderly women in a large population-based cross-
sectional study in The Netherlands (9). This increased risk was found to be
independent of TC and HDL-C concentrations. Because LDL-C levels were not
available for analysis in this study, the researchers suggested a role for LDL-C levels
instead of TC and HDL-C concentrations. However, our results are suggestive of an
even closer relationship of the LDL-C/HDL-C ratio with development of atherosclerosis
in subclinical hypothyroidism.

The main limitation of our study is the relatively small size. When confirmed in a larger
study, intervention studies will be warranted in patients at high risk of cardiovascular
disease. Rather than aiming for a normal TSH level, it would imply targeting for the
lowest TSH level within the euthyroid range. Another important consequence of the
findings in this study is that TSH should be considered a confounder in future
epidemiological studies on associations of serum lipids and insulin resistance.

Footnotes

1 The work presented in this article has not previously been presented or published
in whole or in part. This work was supported by Grant C95.1443 from the Dutch
Kidney Foundation (Nier Stichting Nederland; to J.C.t.M.). No other sources of support
were involved.  
Received August 1, 2000.
Revised December 5, 2000.
Accepted December 6, 2000.

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Address all correspondence and requests for reprints to: S. J. L. Bakker, M.D.,
Department of Internal Medicine, University Hospital Groningen, P.O. Box 30001, 9700
RB Groningen, The Netherlands. E-mail: s.j.l.bakker@int.azg.nl.
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