Mark Cuban sharking the healthcare system
In this CNBC article you'll learn about:
- Mark Cuban's new online pharmacy offers discounts on hundreds of prescription drugs.
- An estimated 18 million Americans couldn't afford to buy one prescription drug, according to a 2021 poll. Experts say the company hasn't broken into the market driving exorbitant prices for brand-name drugs.
- Cost Plus Drugs negotiates with manufacturers to get generic drugs at wholesale prices. Generic drugs are 80% to 85% less expensive than their brand-name equivalents. Cost Plus Drugs doesn't accept insurance claims, since insurers don't typically work with pharmacies that avoid pharmacy benefit managers.