Headline : Mark Cubans War on Drug Prices: How Much Fucking Money Do I Need?

Read more from the original article on here at www.wired.com.

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When Mark Cuban is feeling spicy, he’ll always let you know. The billionaire businessman, basketball owner, and Shark Tank impresario lit up WIRED’s The Big Interview event on Tuesday, dropping hot takes about Elon Musk, the pharmaceutical industry, and why he thinks “couch fucking” and Gary Gensler’s crypto policy cost Kamala Harris the election.

Chatting with WIRED senior writer Lauren Goode, Cuban touted the trajectory of Cost Plus Drugs, the pharmaceutical company he cofounded in 2022. By offering transparency on costs and pricing policies, Cuban says his company has been able to disrupt the drug industry, offering consumers drugs like Droxidopa for something like $20 per month versus the more than $3,000 a month uninsured patients were being quoted.

“We’ve lowered the price of [one of our 2,500 medications] every single weekday for 18 months,” Cuban boasted, saying the company has also found great success in publishing its entire price list, something that’s always been incredibly hard to obtain from other drug providers for consumers and researchers alike.

Now, Cuban says, studies have come out showing that if Medicare bought, for instance, nine specific drugs from Cost Plus Drugs instead of their other sources, the government would save billions of dollars, something that not only shows the bloat of the health care system but also the tangible effect that one well-funded company can have.

Read more from the original article on here at www.wired.com.

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