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How Mark Cuban’s Online Low-Cost Pharmacy Will Impact The Healthcare Industry

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Prescription drug costs in the United States have been skyrocketing in recent years. A 2022 Congressional Budget Office report found that the cost of prescription drugs ballooned from $140 in 1980 to over $1,000 per person in 2018 . Mark Cuban, the billionaire owner of the Dallas Mavericks and regular investor on Shark Tank, has opened a new online pharmacy, Cost Plus Drugs , to fight rising drug costs.

The mission of Cuban’s pharmacy , Cost Plus Drugs, is to, Reduce the cost of drugs

Increase drug price transparency

“Remove the middleman” from the prescription buying process

This article will explore what that means for insurance companies, doctors, and patients. We’ll also discuss how Cost Plug Drugs works, typical drug costs, and the pros and cons of using this new service. Impact on Healthcare

Cost Plus Drugs claims to provide significant savings on drugs by working directly with drug manufacturers. The online pharmacy does not accept any form of insurance. This method of supplying prescription medication could significantly impact insurance companies, healthcare providers, and their patients. What this means for insurance companies and Medicare Insurance companies often negotiate with drug manufacturers to get lower prices. These negotiations […]

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