How Mark Cuban Is Trying to Disrupt Big Pharma | WSJ

Cuban and Musk vs Gates, Bezos and other billionaires? not bad

I’m sorry to hear about you future car accident 😢.

Sadly this is maybe the most world changing disruption in America! And it is driven by the same anger most of us have towards pharma companies! Kudos to Mark Cuban!

anyone who had courage could have known EDLP pharmaceuticals was needed. but the timing is good because the last two presidents have started saying something about this on agendae

All I hear is hear SSSSSssssssss. Annoying

I have severe adhd, and I’ve had to pay at least $150 per month out of pocket because my insurance doesn’t cover Vyvanse, cost plus doesn’t have it yet but if they do this’ll change my life

It really surprises me how much the US charges for their medicine/health services, here in Mexico there are some places that kinda exaggerate on their medical services but the medicines are quite cheap if you know where to buy them

Our entire Healthcare and pharmaceutical system is a fraud.. we do not have the best Healthcare system in the world although that is commonly and thoughtlessly said.
The current system ONLY serves investors, insurance companies, PBM's, and Healthcare providers. The average person is completely priced out. Middle & lower class & people without insurance or plans paid by taxpayers are completely blacklisted from healthcare in the US.

Have you ever seen a bigger scam on humanity?

It's the PBMs that cause a LOT of the pricing issues with drugs. It's almost criminal that the three largest PBMs in the country are owned by healthcare companies: CVS/Aetna owns CVS Caremark (34% market share), Cigna owns ExpressScripts (24% market share) and United Healthcare owns OptumRx (21% market share).

Kbran board?911

This is actually creating a subtle but very real positive feedback loop contained within this disruption process. These are genetic meds, but this is also valuable above and beyond the business and savings.

This will create an urgency surrounding generic formulation increase, a need. It will also create better understandings of what “Value” drugs bring in value based care.

Typically, branded meds carry an expense, but also carry a value and reduction in overall costing of care. It’s also true, compliance and providers working with patients is a large component.

The reality of drug negotiations needing better understandings of their impact… will in fact require better healthcare interoperable systems. It means coding and DRG awareness and the concepts of aligning community benefit with medication and also over all care. The tools created within drug costing and development and translational medicine… will need to better justify itself in these endeavors. The better clarity will also lead to uncovering of intersections of insurance and studies of receipts of care (like in New England) will lead to better understandings.

Additionally, there are large housing units of clinical data… which do NOT line up with one another. Apples and oranges… but, the relative relation of seemingly like data but not part of studies requires better understandings.

There is so much swirling around these waters. The self insured steering of possible interoperable concerns… the rights of patients and populations. It’s also true… fractionated improvement studies show how improvement helps the whole.

This video is simply touching intersection points which are growing. The advocacy for better health interoperability connects the business into the stake holder real world needs.

An interesting stream of work.

That's great you work in drug discovery: thank you for your contributions. As you know better than me, drugs are temperature sensitive; how do you feel about big pharma shipping there medications in uncontrolled containers? For example, a chemotherapy pill which states not to exceed a certain temp.

Please, do this globally! 👌🏼

Tax Big Pharma

best prices here - canadianrxbrand

Big pharma evil mark better watch out they will try get u like many others

IS IT NON-PROFIT???

Why are they lying about the prices on their website?

The is the single most thing that can get our lower middle class elderly population back into participating in a consumer based economy and out of living a life of subsistence. Medical costs are sucking the joy out of many people's lives.

Meanwhile other developed countries don't have to pay anything for their prescriptions past a certain amount

this is soooo awesome

excellent

$2000 for a cancer drug which effects children while it can be sold for $17 .... That's just evil

Omg I just looked up my most expensive medicine on his website and it’s $400 cheaper for a 30 day supply, costing about $10!!!! Omg this will change my life

lol - 9 months later tell BIden for the State of the Union address :) he doesnt know!!

No neither can Amazon. He still has to use a PBM to manage claims.

Even if you have 10 middlemen, the cost should not be more than 30$ for 17$ medicine

Namita wants to know ur location

The problem is the big pharma cartel. It’s all about volume. Cost Plus won’t be able to sustain growth as a result of the cartel.

Yeah! please 🙏🏻

Bad idea. They will assassinate you

I don't understand why govt doesn't do anything to control the price, just like in India, all drugs are under Essential Commodities Act (It includes food etc). The act doesn't allow companies to make crazy profit on those things and drugs are of them.

With generic drugs in the states there is a really good chance that this concept may take over. The problem really lies in the non-generic, new drugs. They get patented, which prevents companies like that to copy them and sell them way cheaper. Pharmaceutical companies are profit oriented and with the cost of research and delevopment of new drugs being utterly expensive they rack up the prices to insane levels in the US atleast to achieve insane margins. And until the patent expires no other company can really change this problem. Other countries like germany try to solve this problem by having a statutory health insurence, which can negotiate prices with the company. Dont quote me on this but i think if a company delovepes a new drug the company has pretty much free rein in deciding the price for 2 years after introduction. Afterwards the health insurences can negotiate the price legally and often times bring it down to a more reasonable level. Sometimes this doesnt work out however and especially if there is no significant benefit for this specific drug the company wont sell it anymore in germany atleast. Since the US does not have this system the companies are free to decide the prices for their medications even after the patent has expired. The only way to get around it is pretty much what Mark Cuban is doing.

Thank you Mark Cuban! Pharmaceutical Companies are killing our economy!

Been waiting for a billionaire to do something like this

Sounds all good on the surface until you try to reach anybody at this company. No helpdesk, no responses to inquiries. Other than that, great idea.

kudos mark, using your wealth, status, and knowledge to help your country. this is amazing.

Cuban you have my respect!

Works great for me, thank you Mark

I just placed an order. Saved $40 a month.

No

Not when they are unable to full meds allegedly available on their search tool, lack problem resolution and can’t fulfill orders for medications actually showing confirmed orders 😢😢😢

Mark Cuban for president

America is so messed up. I live in the UK and take 3 different medications everyday. I pay $0.00. Nothing. In the US at CVS I would pay £800 plus however much insurance costs. I can't believe you have to pay or die.

That's actually insane to me that the US government essentially has no power on drug prices... Crazy

I’m 22 and had to get my own insurance because my parents aren’t paying for it anymore ofc and my VERY nessecary med was $2-4 dollars now it’s $400 at Walgreens. Thank the lord for this

People don't understand that USA's citizens are taking the load so people around the world can have cheap healthcare.
Most of the R&D is done in USA, hence costing more as most of the clinical trials result in failure.
Other companies like sun pharma just get the ANDA, which is like license to make generic drugs for the real one. Hence no R&D cost, no risk, no big investment= lower price

In short… no. He’s giving discounts on already cheap meds. He’s affecting pharmacies which are already losing money. Will have little effect on manufacturers. It’s headline grabbing and political grandstanding. It’s Mark Cuban in other words.