Released: July 07, 2022

Medicare could save $3 billion buying drugs the Mark Cuban way

Source: Hussain Lalani, Benjamin Rome & Aaron Kesselheim, Washington Post Opinion

The Mark Cuban Cost Plus Drugs Company promises lower drug prices and complete transparency about how those prices are set. 

Cuban’s new company purchases hundreds of generic drugs from manufacturers and sells them online directly to consumers. Each generic drug is priced at a cost negotiated with the manufacturer plus a 15 percent markup, a $3 pharmacy dispensing fee and $5 for shipping. Remarkably, this sometimes adds up to substantially lower prices for many patients.

Cuban’s company is not the first direct-to-consumer firm to sell generics. Walmart, Costco, GoodRx and others sell low-cost generic medicines.

Read Full Article: Medicare could save $3 billion buying drugs the Mark Cuban way