6/24/2023 0 Comments Waves complete costKHN compared the prices for each variety of medication to the prices from other pharmacies for that same medication, as compiled by comparison-shopping discount site GoodRx. It’s a sizable sample: As of early February, it amounted to 211 combinations. ![]() To examine a substantial slice of Cuban’s wares, KHN looked at all the medications and products offered on his site that start with the letter “A,” with each combination of strength, count, or quantity, and type of medication (e.g., capsule, tablet, or chewable gummies) available. In most cases, it is the lowest-priced part of the pharma economy. ![]() Right now, his company primarily sells generics, drugs that are no longer protected by patents that could ensure monopoly profits for big pharmaceutical companies. It has to do with the segment Cuban is playing in-generic drugs-but also the layers of complexity peculiar to the American health system. Yet beneath the hype lies a murky reality: In many cases, the price quotes that patients see on the website are higher than they’d get at their local pharmacy. Former basketballer and Twitter personality Rex Chapman said Cuban was “changing the game of prescription drug prices in America.”Įven a swinger’s forum on Reddit finds much to like about the company’s low prices for Viagra and other meds. His new company, which currently offers over a thousand generic medications, has social media influencers singing his praises: Reality star Kim Kardashian both tweeted and Instagrammed kudos. ![]() He gave colorful quotes along the way, at one point declaring his goal is to “Just f- up the pharmaceutical industry so bad that they bleed.” ![]() The serial entrepreneur and owner of the NBA’s Dallas Mavericks made the media rounds evangelizing, getting press via The Wall Street Journal, Time, “ The Daily Show,” and many other outlets. His new company-the Mark Cuban Cost Plus Drug Co., known as Cost Plus Drugs-has the “lowest prices on meds anywhere,” he said.
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