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Mark Cuban recently started a pharmacy called "Cost Plus Drugs" with the intention of lowering drug prices for the average American consumer. In this episode, Ashley dives into the nuances of the American healthcare system, and how corrupt corporations like Pharmacy Benefit Managers (PBMs) and insurance companies are driving up the price of drugs by enormous amounts. Ashley also discusses several solutions to these high costs, including ending rebates for PBMs.
Sources:
https://www.forbes.com/sites/jemimamcevoy/2022/09/26/mark-cuban-considering-leaving-shark-tank---new-venture-focuses-on-selling-low-cost-drugs/?sh=38d1cb00caa6
https://theincidentaleconomist.com/wordpress/a-brief-history-of-pharmacy-benefit-managers-how-they-became-the-shady-middle-men-in-the-drug-market/
https://www.axios.com/2022/10/27/mark-cuban-drug-supply-chain
Mark Cuban recently started a pharmacy called "Cost Plus Drugs" with the intention of lowering drug prices for the average American consumer. In this episode, Ashley dives into the nuances of the American healthcare system, and how corrupt corporations like Pharmacy Benefit Managers (PBMs) and insurance companies are driving up the price of drugs by enormous amounts. Ashley also discusses several solutions to these high costs, including ending rebates for PBMs.
Sources:
https://www.forbes.com/sites/jemimamcevoy/2022/09/26/mark-cuban-considering-leaving-shark-tank---new-venture-focuses-on-selling-low-cost-drugs/?sh=38d1cb00caa6
https://theincidentaleconomist.com/wordpress/a-brief-history-of-pharmacy-benefit-managers-how-they-became-the-shady-middle-men-in-the-drug-market/
https://www.axios.com/2022/10/27/mark-cuban-drug-supply-chain