Red meat is full of protein and vitamins, and will not raise your blood sugar a bit. Humans evolved eating large amounts of animal products including red meat. The notion that red meat raises blood cholesterol levels is largely unfounded. Your liver makes three times more cholesterol than you get from food. If you eat less cholesterol, it just makes more. If you eat more, it makes less. Cholesterol is actually difficult to digest. Most of it passes right out in your stool.

Restricing red meat has been proven to have inconsequential effects on blood cholesterol levels and just encourages consumption of starches, which raise blood sugar and promote weight gain. If you want to reduce your glycemic load, you're better off concentrating on cutting out starches and not worrying about meat.