panacea

[pan-uh-see-uh]
noun
1.
a remedy for all disease or ills; cure-all.
2.
an answer or solution for all problems or difficulties: His economic philosophy is a good one, but he tries to use it as a panacea.

Origin:
1540–50; < Latin < Greek panákeia, equivalent to panake-, stem of panakḗs all-healing (pan- pan- + akḗs a cure) + -ia -ia

panacean, adjective


1, 2. elixir, nostrum.
Dictionary.com Unabridged

Panacea

[pan-uh-see-uh]
noun
an ancient Greek goddess of healing.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
panacea (ˌpænəˈsɪə)
 
n
a remedy for all diseases or ills
 
[C16: via Latin from Greek panakeia healing everything, from pan all + akēs remedy]
 
pana'cean
 
adj

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

panacea
1548, from L. panacea, an all-healing herb (variously identified), from Gk. panakeia "cure-all," from panakes "all-healing," from pan- "all" + akos "cure," from iasthai "to heal." Earlier in Eng. as panace (1513).
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

panacea pan·a·ce·a (pān'ə-sē'ə)
n.
A remedy claimed to be curative of all problems or disorders; a cure-all.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
Political nostrums and social panaceas are but incidentally and superficially
  useful.
So does the complete absence of panaceas in this painful tale.
Three strikes laws have emerged as the latest in a series of fast- paced,
  punitive, heavily media-covered crime panaceas.
Under this framework, school improvement plans are hypotheses rather than
  panaceas.
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