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MC
Mark Cuban
03/30/24
@ Lex Fridman
Cost Plus Drugs provides a transparent price list for over 2,500 drugs, contrasting sharply with the lack of transparency from major pharmacy benefit managers.
Video
LF
Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs | Lex Fridman Podcast #422
@ Lex Fridman
03/30/24
Related Takeaways
MC
Mark Cuban
03/30/24
@ Lex Fridman
Cost Plus Drugs aims to solve the issue of trust in healthcare through complete transparency in drug pricing.
MC
Mark Cuban
03/30/24
@ Lex Fridman
When you visit costplusdrugs.com, you can see the actual costs of medications, including a 15% markup and any pharmacy fees, which revolutionizes drug pricing in America.
MC
Mark Cuban
03/30/24
@ Lex Fridman
Cost Plus Drugs is working with independent pharmacies to create supportive programs that can help break the current cartel-like structure of the pharmaceutical industry.
MC
Mark Cuban
03/30/24
@ Lex Fridman
By analyzing our prescription drug costs, I discovered that we spent $169,000 with a pharmacy benefit manager, while it would have only cost $19,000 through Cost Plus Drugs.
MC
Mark Cuban
03/30/24
@ Lex Fridman
We aim to create a transparent pricing model for medications, allowing consumers to see the actual costs and markups, which can disrupt the current opaque system.
MC
Mark Cuban
03/30/24
@ Lex Fridman
The big pharmacy benefit managers prioritize profits over everything, operating in an opaque industry where they can manipulate prices without accountability.
MC
Mark Cuban
03/30/24
@ Lex Fridman
I started Cost Plus Drugs after realizing the inefficiencies in the pharmaceutical market, especially after the price hike of a drug by Martin Shkreli.
MC
Mark Cuban
03/30/24
@ Lex Fridman
The big three pharmacy benefit managers will not disclose their pricing structures, making it impossible for clients to know if they are being charged fairly.
MC
Mark Cuban
03/30/24
@ Lex Fridman
When I started Cost Plus Drugs, I realized I needed to understand how I was paying for healthcare for my employees and their families.