Economics
Japan Seeks Private Sector's Help With Blowout Health Costs
- ‘Pay-for-success’ contracting model gaining popularity
- Health-care spending may reach 54 trillion yen in 2025
People exercise with wooden dumbbells during an event marking Respect for the Aged Day at a temple in the Sugamo district of Tokyo, Japan, on Monday, Sept. 19, 2016.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Japan’s public sector is turning to the private sector to help slow the rapid growth in the nation’s health-care spending.
Faced with an aging crisis that’s projected to push up heath-care spending by more than 50 percent in the decade through 2025, the economy ministry is leading efforts for local governments to draw on the expertise of private companies.