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The third key to lowering healthcare costs is investing in medical research to find new treatments. New treatments will help us fight and, hopefully, prevent chronic diseases now and in the future.
One in 2 men and 1 in 3 women will be diagnosed with cancer in their lifetimes. But there is hope. Newer medications, early and better diagnoses and treatments have raised survival rates by 25% in the last 20 years.
Since 1974, survival rates for cancer have increased:
Innovation in medical research holds tremendous promise in reducing the rates of some chronic diseases and their associated costs. For example, the recent developments of vaccines to prevent cervical cancer are an exciting step forward.
A number of research projects that hold tremendous potential for a breakthrough in Alzheimer’s Disease are currently underway. Innovation saves lives:
Available treatments are limited. No effective way to prevent this disease currently exists. According to the Alzheimer’s Association, delaying the onset of Alzheimer’s disease by just 5 years could reduce the number of people developing it by half.