Latest News
January 1, Mark Cuban Launches Online Pharmacy to Lower Generic Drug Prices
Billionaire entrepreneur Mark Cuban launched an online pharmacy for generic drugs with substantially lower prices than traditional distributors.
The Mark Cuban Cost Plus Drug Company says it will bypass health care industry “middlemen” and help consumers avoid high drug prices by charging manufacturers’ prices plus a flat 15% markup and pharmacist fee.
“All drugs are priced at cost plus 15% ! Sign up and share your thoughts and experiences with us,” Cuban tweeted.
Astronomical drug prices have been a prominent problem in the U.S. A recent study finding that 18 million Americans reported being unable to afford at least one doctor-prescribed medication within the previous three months.
Cuban’s company says it will negotiate drug prices directly with manufacturers to lower costs for consumers. The pharmacy doesn’t accept health insurance but says prices will still be lower than what people would typically pay.
“The markup on potentially lifesaving drugs that people depend on is a problem that can’t be ignored,” Alex Oshmyansky, CEO of The Mark Cuban Cost Plus Drug Company, said in a statement.
“It is imperative that we take action and help expand access to these medications for those who need them most.”
The website currently offers 100 generic drugs to treat various illnesses, including diabetes, asthma, and heart conditions.
Source:
Billionaire Mark Cuban launches online pharmacy aimed at lowering generic drug prices
-
Entertainment3 months ago
‘He’s A Pr*ck And F*cking Hates Republicans’: Megyn Kelly Goes Off on Don Lemon
-
Entertainment8 months ago
Whoopi Goldberg’s “Wildly Inappropriate” Commentary Forces “The View” into Unscheduled Commercial Break
-
Entertainment8 months ago
Late Night Host is Getting Canceled After Staffers Speak Out
-
Entertainment3 months ago
Beach Boys Founder Brian Wilson Announces Tragic News
-
Featured8 months ago
US Advises Citizens to Leave This Country ASAP
-
Entertainment2 months ago
Comedy Mourns Legend Richard Lewis: A Heartfelt Farewell
-
Featured7 months ago
Benghazi Hero: Hillary Clinton is “One of the Most Disgusting Humans on Earth”
-
Latest News2 months ago
Supreme Court Gift: Trump’s Trial Delayed, Election Interference Allegations Linger
Carole R
January 29, 2022 at 1:37 pm
Glad someone is trying to help and a businessman understands how to make deals unlike the government.