Op-Ed: Mark Cuban won’t fix our drug pricing problem
2 years, 5 months ago

Op-Ed: Mark Cuban won’t fix our drug pricing problem

LA Times  

Mark Cuban, the billionaire “Shark Tank” celebrity and Dallas Mavericks owner, is getting attention again — this time for his Mark Cuban Cost Plus Drug Co., which seeks to reduce prescription drug prices for Americans. These monopolies reflect intentional and longstanding government policies to incentivize research investments by rewarding drug developers with substantial profits for new drugs that improve health and extend lives. Formal cost-effectiveness analysis compares a drug’s cost — accounting for savings the drug can create elsewhere, such as by reducing expensive hospitalizations — to its benefits, including extended life expectancy and improved quality of life. Efforts such as the Mark Cuban Cost Plus Drug Co. can help bring cost relief to many Americans for generic medications they rely on.

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History of this topic

Mark Cuban’s War on Drug Prices: ‘How Much Fucking Money Do I Need?’
54 years, 11 months ago

Mark Cuban’s War on Drug Prices: ‘How Much Fucking Money Do I Need?’

Wired  

When Mark Cuban is feeling spicy, he’ll always let you know. The billionaire businessman, basketball owner, and Shark Tank impresario lit up WIRED’s The Big Interview event on Tuesday, dropping hot takes about Elon Musk, the pharmaceutical industry, and why he thinks “couch fucking” and Gary Gensler’s crypto policy cost Kamala Harris the election. “We’ve lowered the price of every …

Out of Mavericks spotlight, Mark Cuban now aiming at ‘f—ing up’ pharmacy industry
6 months, 1 week ago

Out of Mavericks spotlight, Mark Cuban now aiming at ‘f—ing up’ pharmacy industry

New York Times  

As winter approaches his business empire, Mark Cuban still has a sharp stick in his hands, looking for a defenseless eye to poke. “The thing about the drug industry isn’t the Big Pharma companies; it’s the fact that it’s opaque,” Cuban said. Unfortunately, it shouldn’t be complicated, but these things get complicated fast.” Cuban started Cost Plus Drugs in 2022 …

Want to pitch your business idea to billionaire Mark Cuban? Email him!
8 months ago

Want to pitch your business idea to billionaire Mark Cuban? Email him!

Hindustan Times  

Mark Cuban said that he has invested $100 million in business pitches that he has received via emails in his MasterClass course "Win Big In Business," which was released on February 22. Mark Cuban reacts during the game between the Golden State Warriors and Dallas Mavericks at American Airlines Center. The American reality television series Shark Tank is where Cuban …

Bayer makes a deal on popular contraceptive with Mark Cuban's online pharmacy
10 months ago

Bayer makes a deal on popular contraceptive with Mark Cuban's online pharmacy

NPR  

Bayer makes a deal on popular contraceptive with Mark Cuban's online pharmacy Enlarge this image toggle caption studiostockart/Getty Images studiostockart/Getty Images Bayer is the latest name-brand drugmaker to dip its toe into the world of Mark Cuban's online pharmacy, Cost Plus Drugs. Yaz birth control pills and Climara, a hormone patch for menopause, will both now be available for a …

10 drugs targeted for Medicare price negotiations as Biden pitches cost reductions
1 year, 3 months ago

10 drugs targeted for Medicare price negotiations as Biden pitches cost reductions

Associated Press  

WASHINGTON — President Joe Biden touted the potential cost savings of Medicare’s first-ever price negotiations for widely used prescription drugs on Tuesday as he struggles to convince Americans that he’s improved their lives as he runs for reelection. Currently, pharmacy benefit managers that run Medicare prescription plans negotiate rebates off a drug’s price. The new drug price negotiations aim “to …

Biden says he’s focused ‘intensely’ on lowering drug costs
1 year, 9 months ago

Biden says he’s focused ‘intensely’ on lowering drug costs

Associated Press  

LAS VEGAS — President Joe Biden on Wednesday said his administration was focused “intensely” on lowering health care costs and took aim at “MAGA” Republicans who he said are intent on dialing back Medicare coverage for millions of Americans. “Let’s protect the lower prescription drug costs for everyone” Already, the legislation caps the price of insulin at $35 for disabled …

Mark Cuban has been taking on the drug industry. But which one?
1 year, 10 months ago

Mark Cuban has been taking on the drug industry. But which one?

Raw Story  

When billionaire Mark Cuban announced his attack on the pharmaceutical industry and its high-priced drugs in January 2021, it was met with cheers. His new company — the Mark Cuban Cost Plus Drug Co., known as Cost Plus Drugs — has the “lowest prices on meds anywhere,” he said. Former basketballer and Twitter personality Rex Chapman said Cuban was “changing …

Can billionaire celebrity Mark Cuban fix America’s broken health system?
2 years, 6 months ago

Can billionaire celebrity Mark Cuban fix America’s broken health system?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Martin Shkreli leaves court …

Trump plan to curb drug costs dealt setback in court
4 years ago

Trump plan to curb drug costs dealt setback in court

Associated Press  

WASHINGTON — A late-term maneuver by President Donald Trump to use lower drug prices paid overseas to limit some of Medicare’s own costs suffered a legal setback Wednesday that appears likely to keep the policy from taking effect before the president leaves office. U.S. District Judge Catherine C. Blake in Baltimore issued a nationwide injunction that prevents the Centers for …

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