Mark Cuban isn’t solely on a mission to lower the price of popular prescription medications you might purchase from your favorite pharmacy. The billionaire entrepreneur and cofounder of the Mark Cuban Cost Plus Drug Co. wants to make so-called specialty drugs more accessible too.
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00:00I had a friend from college who was in this horrific car accident,
00:03and a mutual friend of ours emailed me last year,
00:05and he said, look, Landon, he lost his insurance,
00:08and he needs this drug Droxodopa,
00:10and they're going to charge him $10,000 every three months.
00:13Can you guys get this? Because I didn't see it on your list.
00:16We checked into it. We got it.
00:18Instead of $10,000 every three months, it was $180 every three months.
00:24And now we've got it down to about $90 every three months.
00:28And so you've got an industry where it's just a mess.
00:31And given you guys all work for, you know, probably bigger companies,
00:36I just have to say this.
00:39You are getting forked up, right, in your benefits programs.
00:44Because the same pharmacy benefit managers
00:47that are taking advantage of people with high deductibles,
00:50with high coinsurance, with high copay,
00:53they're taking advantage of your benefits.