Is damage ever going to be addressed?

Recently after watching a few old champion spotlights, I was amazed how different the game used to be in terms of damage. Fights were longer, nobody was being one-shot, and there was generally no surprise damage.

It seems like damage wasn’t calibrated for the introduction of the new rune system, and (as we know) the health of the game has suffered. Is there any news on whether game damage will be addressed or not?