Tools
Search
Import
Library
Explore
Videos
Channels
Figures
Atmrix
About
Tools
Search
Import
Library
Explore
Videos
Channels
Figures
Atmrix
About
Go Back
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.
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
When I started Cost Plus Drugs, I realized I needed to understand how I was paying for healthcare for my employees and their families.
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
I use my name to promote Cost Plus Drugs because it's the only company I've ever put my name on, and I believe in its mission.
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
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
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.
SS
Surbhi Sarna
09/30/23
@ Y Combinator
An unexpected health scare motivated me to start my own company, which I eventually sold to Boston Scientific for $275 million.