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Mark Cuban CostPlus Drugs

wannabe said:
^^^yuppers.

You know that the system is broken when I can pay cash for prescriptions for less money than my insurance copay. It makes you wonder how many people are in the middle taking a slice of the pie.
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It’s so broken that the PBM charges the pharmacy $5 for the medication, learns that you paid a $20 copay and then claws BACK a percentage of the pharmacies “profits”.

:laughing
 
bojangle said:
There's no question he's in it for the profit. That's what he does. If we're lucky it can be a win/win, as it appears there's a lot of fat that can be cut from pharmaceuticals and still make a profit.
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Pharma takes the bad rap but it’s not just them. So many layers to this cake.
 
Yakoo752 said:
Pharma takes the bad rap but it’s not just them. So many layers to this cake.
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Oh, they deserve the bad rap, but there are also a bunch of other entities feeding at the trough taking their cut along the way.

It won't ever get fixed because Big Pharma has enough $$$$$$ to own most of the people who could fix it.
 
Yeah, but Pharma at least provides SOME value.

Some of these middleware exists solely to generate revenue. PBMs carry virtually no risk, no inventory, no ____. Their only risk is a change in the way medications are bought and they can pivot and lobby the risk away to near 0.
 
I agree that it's not all "Big Pharma's" problem. They create the drugs and make people want to use them, but they are only a small amount of what we pay for the drugs. It's everything on top of what the drug manufacturers charge that is the problem. I think that the medical insurance industry in the US is part of the problem. They have gotten bloated with red tape similar to universities in the us. There is so much money being spent on compliance and red tape that is passed on to the rest of us.

So, I don't think we can ever fix the initial cost of the drugs, but I'd at least like to pay something closer to what the rest of the world pays for the same drugs. And, I think that Cuban is taking us closer to that by getting rid of a lot of the steps in between the drug companies and us. Not taking medical insurance is probably the biggest source of the savings.
 
It's cool to hear some anecdotes that this platform does offer lower prices. I also hope it stays that way.
 
wannabe said:
Is he still rotting in jail? I hope so.
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Yes, but it's minimum security. I'm betting a Club Fed. He's supposed to get released in 2023. I'm sure he learned his lesson. :rolleyes
 
In case anyone cares, my first order came in the mail today. This service looks legit so far. I'm definitely planning to continue using it before they raise the prices. :thumbup

And, Yakoo was right about the infrastructure. The charge went to Trupill (Hayward).
 
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