Mark Cuban War on America’s health care machine: “They can’t react as quickly”

Billionaire entrepreneur and investor Mark think of America’s health industry is broken, and is not lying words.

“No one who sees the financial side of health,” he is saying, “he is working,” “Cuban said about the episode of this week of the Equity podcast. “When you go to the doctor and you have a prescription .. you have no idea what costs for you will be. You don’t know if you can pay or not.”

The first “Shark Tank” Tank “Knamms (PBMS), or third party programs that run programs. The cuban prices declared the drug prices are opaque for design.

Is exactly why you launched Cost more drugs in the 2022. – To pull the curtain on drug pricants, fasten the costs to the middle consumer, and disapproving traditional pharman industry.

“Price to the market; we have the cost-based price, said.

The difference is cleared. For example, a Chemotherapy generic drug could cost the pharmacy, while you could cost “$ 21 оn owed, Cuban.

Cuban approach is different from how much drugs are traditionally in the United States as their name of the consumer

“And we have adjusting the ability to catch in a local pharmacy”, Cububan added.

To understand why Cuban model is disruptive, help you know why drugs cost so much in the first place. The industry defend its overcharge practice for the US and one of the possible high prices that government may not invest the pricks needed to bring new drugs to the marketplace.

But the critics discusses prices are established to maximize profit and are not legacied directly to r & d costs. One 2021 study Found that the top 20 drugs of best sold only was enough for the business from a return from its r & d’s expenses on time.

Cuban has also pointed another reason for skyrocket drug prices in the US: artificial cash. “Do you believe or not, in this day and age, there is things like poardatric, pedocy, which I don’t even have the price, why is it?

While there is limited direct evidence of intentional profit, it is true that During the lackPRICES rise significantly. I am

Their answer? Build their own factory. The Cuban has a manufacturing plant in Dallas that is “all the robots drived.”

“We’ve created this factory where we can turn a new drug in four hours and ship out at the hospitals,” continued. “And so we started to attack those lack.”

While the shipping drugs are patients of patients, other expenses of cost drugs, as the drug manufacturing, are more profit and help profit. The manufacturing is also another way to challenge drug supply string.

But Cuban strategy goes beyond only the smaller drugs – says he refused to play from the rules entirely. “Everyone say you say … you may not comb the matter with the insurance, the pbms,” he said. “I’m, well I don’t work with them. I don’t want to work the way they want to do, because it’s not what better lined for patients.”

Even Amazon, Cuban noted, fell to this cross. The technical giant has associated with pbms to amazon pharmacy, but that puts the Great Tech finger to a disadvantage because it’s always “he / she paid at PBMS.”

Their tips to the founders trying to remove the incumbents?

“It does not depend on them,” he said. “Why I had 25 years old and share this beneficiary activity because where money is just a good $ 5’s market for the technology, whatever it can be?”

“When I have the mercy, someone,” he will “he worded with the elephants there for divimate and dead,” Cub say. ” “I have to be quick, or you are dying, meaning., You have to be suitable., You are not looking forward to it. They can not be reacted to soon, and so is always to give the edge of the edge.”