Mark Cuban’s excellent track record in the business world names him one of the most successful entrepreneurs of our time. Recently, Cuban entered the medical field when he launched his own online pharmacy called Mark Cuban Cost Plus Drug Company using a strategy of offering lower-priced prescription drugs. According to a new report published by researchers, Medicare could save upward of $3.6 billion per year if it purchased drugs through Cuban pharmacies. Is he intentionally willing to challenge the Affordable Care Act of the country (Obamacare)?
The researchers at Annals of Internal Medicine echoed that:
If Medicare purchased generic drugs in the maximum quantity supplied by [MCCPDC], it could have saved $3.6 billion on 77 of 89 generic drugs.
Please help us spread the word. We WONT SPEND A NICKEL ON MARKETING. WE COMPLETELY RELY ON WORD OF MOUTH This allows us to price at such low prices. So all help is welcome from everyone and anyone ! https://t.co/yxVJ2mNJad
— Mark Cuban (@mcuban) June 19, 2022
Mark Cuban’s Medical Line Could Bypass The Existing Markups Like Obamacare
In a press release, the company announced it can provide savings to customers by registering as a pharmaceutical wholesaler, offering services such as ambulatory dispensing management, home delivery of medications and clinical supplies, plus revenue cycle management. In a tweet, Cuban said the company is “completely reliant on word of mouth” and isn’t interested in advertising because it doesn’t have to. “All help is welcome from everyone and anyone,” he wrote in his post.
This Is How Kim Kardashian Congratulated Cuban
— Kim Kardashian (@KimKardashian) June 21, 2022
When Democrats Tried To Reform The Medical And Healthcare Scenario Of America
Politicians have attempted to reform healthcare for almost 50 years, yet to no avail. Considering the nature of American politics, it’s only natural that this debate has remained deadlocked for so long. However, few politicians would agree that the current system is at fault. An increasing number of people believe the American healthcare system is broken and costing too much money while providing poor care results. Former President Barack Obama did get an alternative called Obamacare into place but as a compromise solution to the growing problem, not identifying any fundamental flaws in the original plan or ways to correct them.
With that being said, recently, the company announced plans to build a pharmaceutical factory in Dallas. The company also said it will provide free medication at this factory. According to the press release made earlier in January, they are well on their way to making medicine affordable for all.