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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.
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
In healthcare, transparency is crucial, and we plan to post all our contracts and pricing to help other companies navigate the system more effectively.
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
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.
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
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 pharmacy benefit managers prioritize profits over everything, operating in an opaque industry where they can manipulate prices without accountability.
SM
Sean Mitchell
05/04/18
@ Y Combinator
We maintain transparency with landlords about pricing and relisting strategies, which helps build trust and solidifies our partnership.
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
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.