True, but the age distribution skews older in Italy.

Italy: https://en.wikipedia.org/wiki/File:Italypop.svg China: https://en.wikipedia.org/wiki/File:Population_pyramid_of_Chi...

The fact that Italy has an older population but a longer life expectancy does not mean the risk of disease to the elderly is any less for Italians. That observation would only make sense if life expectancy were # of years from right now, rather than # of years at death.