Kasich And Cosgrove Visit City Club, Talk Health Care Reform
Ohio Governor John Kasich and Cleveland Clinic CEO Doctor Toby Cosgrove appeared at the City Club on Friday and both focused on the importance of lowering costs.
Kasich said the state was able to lower yearly growth in Medicaid costs from 9 percent to 3 percent. He said the state could continue cutting costs if they could eliminate coverage of some of the more expensive prescriptions.
“And the minute we can drop it is the minute we got negotiating power. And they’re going to bring their price down," said Kasich.
Cosgrove added that the U.S. subsidizes medical research and development for the rest of the world. For example, he said the price of a heart valve here is $3,000 and in Egypt it’s $300.
“Most countries in the world have a single payer and single payers can negotiate and we don’t have that in the United States and as a result they’ve taken advantage of that," said Cosgrove.
Single payer is often also referred to as Medicare-for-all. Kasich later was asked directly whether he thinks single payer would be a good solution to high costs and said no, that it would stifle innovation.