Govt needs to rethink long-term social security / Latest population estimate ...
As people aged 65 or older are expected to account for about 40 percent of the population in 2060, the government and both the ruling and opposition parties are now under pressure to rethink their long-term social security policies.
Japan will become a "super-gray" society in 2060, according to an estimate released Monday by the National Institute of Population and Social Security Research, an organization operated by the Health, Labor and Welfare Ministry. At the same time, the population is also expected to dramatically decline.
"The aging of the population will continue, and it is unlikely that the birthrate will rapidly increase," Chief Cabinet Secretary Osamu Fujimura said at a press conference held Monday.
"This means that the proportion of people bearing the cost of the social security system will decrease, making it necessary to carry out integrated reform of the social security and tax systems."
Azuma Koshiishi, secretary general of the Democratic Party of Japan, suggested the government needs to take the estimate seriously and take further steps to deal with the graying society and declining population. "The integrated reform of the social security and tax systems could be one of the measures to tackle the problem, but we don't think it will solve everything," he said at a press conference Monday.
The estimated future population, based on the 2010 census, showed the composition of Japan's population will be top-heavy in 2060 due to the declining birthrate and aging population, thereby distorting the nation's social structure.
One example is the balance between the elderly, those aged 65 and older, and working-age citizens between the ages of 15 and 64. Under the current social security system, the latter supports the former.
In 2010, one retiree was supported by 2.8 workers. However, in 2060, it is presumed there will be just 1.3 workers per retiree. By contrast, in 1960, one retiree was supported by 11.2 workers. This means in the span of 100 years, the number of supporting workers per one retiree is expected to decrease by 10.
Dependent Health Insurance Japan - News
The decrease in the working-age population will have a big impact on the nation's social security system as Japan's health care, pension and elderly care systems are all dependent on insurance premiums paid by working-age citizens.
That includes over $3 trillion in municipal bond and state level debt, close to $4 trillion in unfunded state and local pension liabilities, and over one trillion more in completely unfunded retirement health benefits promised to state and local
We saw growth globally in Health and Benefits and in investment consulting, and results were partially offset by a decline in demand for retirement consulting. Overall, in HR Solutions, we're pleased with our growth performance in the fourth quarter
Gross premiums written in the primary insurance segment in the financial year 2011 rose by around 1% to €17.6bn (17.5bn), with ERGO growing in the business segments of health and property-casualty. Total premium income in life insurance was lower than
Marc de Garidel added: "In spite of an ever toughening healthcare environment, especially in the French primary care space with the recent notice of the delisting of Tanakan(R) on March 1,2012, Ipsen will continue work on finding the best possible
National Health Care System In Japan And Taiwan – Would It Be ...
Countrywide Wellness Care Method In Japan And Taiwan – Would It Be Possible For Us
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