The progress of medicine is remarkable. In Japan, a drug for the use of photoimmunotherapy in cancer received conditional authorization in September 2020 after a review by the Pharmaceuticals and Medical Devices Agency (PMDA). The first of its kind, the treatment is poised to be highly effective and place less burden on patients. In June 2021, the world's first drug to treat Alzheimer's disease received conditional approval from the U.S. Food and Drug Administration (FDA). Such progress hints at a future where almost all uncurable diseases have disappeared, with forecasts generally placing this around 2050. Conquering disease is a wish shared across the world, but we cannot celebrate yet.
40% of Japan's public insurance for medical and long-term care is covered by taxes as the premiums collected from subscribers are insufficient in covering all costs. We estimate that the public burden of these costs will increase from 23 trillion yen in 2018 to about 54.6 trillion yen in 2050.
Society faces the challenge of ensuring the sustainability of public finances while accommodating lengthening lifespans. This will require a host of measures including reform of the social security system. Reform is commonly purpoted to be possible through primarily one of two means: either reducing expenditures by reviewing the coverage of insurance or reducing the public burden by increasing the portion of medical and long-term care expenses paid out of pocket.
We propose an additional third option: the introduction of new preventive medicine.
40% of Japan's public insurance for medical and long-term care is covered by taxes as the premiums collected from subscribers are insufficient in covering all costs. We estimate that the public burden of these costs will increase from 23 trillion yen in 2018 to about 54.6 trillion yen in 2050.
Society faces the challenge of ensuring the sustainability of public finances while accommodating lengthening lifespans. This will require a host of measures including reform of the social security system. Reform is commonly purpoted to be possible through primarily one of two means: either reducing expenditures by reviewing the coverage of insurance or reducing the public burden by increasing the portion of medical and long-term care expenses paid out of pocket.
We propose an additional third option: the introduction of new preventive medicine.