Posted on 06/23/2022 1:24:03 PM PDT by Red Badger
Shark investor Mark Cuban has made plenty of waves over the course of his multibillion-dollar career, but most recently he's launched a successful excursion into the generic drug trade:
Mark Cuban aims to lower prescription drug prices with online pharmacy People searching for cheaper alternatives to high priced prescription drugs have a new and perhaps unexpected option. It's an online pharmacy founded by Mark Cuban, a billionaire businessman, Shark Tank star and owner of the Dallas Mavericks. His new direct-to-consumer company, Cost Plus Drugs, offers more than 100 generic medications at discounted prices. He joins Geoff Bennett to discuss. WWW.PBS.ORG
https://www.pbs.org/newshour/show/mark-cuban-aims-to-lower-prescription-drugs-prices-with-online-pharmacy
People searching for cheaper alternatives to high priced prescription drugs have a new and perhaps unexpected option. It's an online pharmacy founded by Mark Cuban, a billionaire businessman, Shark Tank star and owner of the Dallas Mavericks. His new direct-to-consumer company, Cost Plus Drugs, offers more than 100 generic medications at discounted prices.
Is he having success? You'd better believe it—it's been such a success that it's making the federal government look like a total putz:
Mark Cuban’s new drug company exposes billions in government overspending The United States government could save billions of healthcare dollars if it purchased generic drugs at the prices offered by Mark Cuban’s new online pharmacy that was launched this year. WWW.WASHINGTONEXAMINER.COM
https://www.washingtonexaminer.com/policy/healthcare/mark-cubans-drug-company-exposes-billions-government-overspending
The United States government could save billions of healthcare dollars if it purchased generic drugs at the prices offered by Mark Cuban's new online pharmacy that was launched this year.
In a comparison between Medicare's spending in 2020 and the prices of Cuban's Cost Plus Drug Company, researchers found that Medicare could have saved $3.6 billion, according to new research from Brigham and Women's Hospital and Harvard Medical School published Monday in the journal Annals of Internal Medicine.
Dr. Hussain Saleem Lalani, a researcher at Brigham and Women's Hospital in Boston and the study's lead author, said that the study "does show that Medicare is overpaying for some of the generic drugs."
"This is a conservative estimate, so the actual savings are likely higher," Lalani added.
The federal government to Mark Cuban right now:
Meanwhile, people haven't been shy about celebrating the amount of money they're saving by opting for Cost Plus instead of a traditional pharmacy:
By kaw, A generic drug must contain the exact drug as the name brand, but the inactive ingredients can vary. But, when one of my sons had juvenile migraines, his child psychiatrist said that for some reason, a lot of generic psych and neurotropic drugs don’t act the same as name brands.
Hmmm. I had no trouble looking up meds on the site, with no red tape at all.
It has a simple search button.
I couldn’t afford my $800 a month med without Part D insurance. That’s just for 1 medication.
Inactive ingredients are a factor
Some have different rates of breakdown/absorbtion than original drugs, ie original may have 12 or 24 hr release, steady breakdown, the generic may not
The amount of drug in a dose can vary by a significant percentage enough to cause problems due to lack of quality control on the generic. They know from history and reviewing generics the amount of drug in a pill or dose can vary from the brand name by up to 20% or more sometimes, despite what its labeled as having.
i signed up for cuban’s oline pharmacy as well as amazon online pharmacy, and goodrx coupons beat both their prices almost every time, and even if a few cents more, sometimes going to a local pharmacy is more convenient than mail-order, esp. for scripts that are short-term ...
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