Mark Cuban’s Cost Plus Drugs Plan
Mission of Mark Cuban Cost Plus Drugs
The following is Mark Cuban’s pitch on supply drugs. If you do not have healthcare insurance which pays for drugs you more than likely going to pay list unless you have a drug store discount such as GoodRx.
Mark Cuban talking pharmaceuticals and costs: We started Mark Cuban Cost Plus Drug Company because every American should have access to safe, affordable medicines. If you don’t have insurance or have a high deductible plan, you know that even the most basic medications can cost a fortune. Many people are spending crazy amounts of money each month just to stay healthy. No American should have to suffer or worse – because they can’t afford basic prescription medications.
If you are fortunate enough to have health insurance with a low deductible, the high cost of drugs is driving up the premiums you or your employer pay. Such costs make getting health insurance expensive and challenging.
The Mark Cuban Cost Plus Drug Company takes these problems head on.
Shockingly, in the USA, it’s not unusual for disadvantaged populations to suffer from rampant outbreaks of hookworm. Normally the drug prescribed for hookworm, Albendazole, can cost as much as $500 per course. This makes the drug out of reach for many in need. So, we started off by donating more than 10,000 tablets of Albendazole to cure parasitic infections in the most affected areas of the southern US.
Our goal is to dramatically reduce the cost of drugs like Albendazole We also think that it is just as important to introduce transparency to the pricing of drugs so patients know they are getting a fair price.
Our cost for Albendazole is $26.08 per course. We mark that price up by 15% so we can continue to run the company and invest in disrupting the pricing of as many drugs as we possibly can.
That makes the base price of the drug $30. Then we add on the actual cost, $5.00, that our pharmacy partners charge us to prepare and provide your prescription to you.
That makes the sales price on this website $35. Far, far lower than the pricing available in the marketplace.
Every product we sell is priced exactly the same way. Our cost plus 15%, plus the pharmacy fee, if any. When you get your medicine from Cost Plus Drug Co., you’ll always know exactly how we arrived at the price you pay. And as we grow and our costs go down, we will pass those savings on to you!
We started this company as an effort to disrupt the drug industry and to do our best to end ridiculous drug prices.
Thanks for your support, and please let us know what you think!
As you can see, not everything is that much less in cost. Check it out and let me know in the comments section if Mark Cuban plan actually work. I am assuming many of you have insurance. In which case it may not be less costly.
For the two prescription drugs I take and have 90 days supplies, the cost is slightly more. If I lost my Part D Meds plan, I could go to Cuban’s plan. So for me it would work.
I have used Cuban’s Cost Plus Drugs for about a year and a half and it is absolutely brilliant. Prices are often lower on CPDs WITHOUT INSURANCE than it is buying from CVS or Duane Reade with insurance! Accuracy and delivery reliability are excellent and light years better than the purgatory of dealing with PBMs and chain pharmacies.
Mark Cuban has figured this out. It is not a coincidence that CVS announced it would be moving to change their entire drug pricing model to cost plus pricing next year.
Once you start using it, I promise you, you will never go back. And as more and more people move towards Cuban’s company, the exorbitant margins on drug sales that the insurance companies/pbms/pharmacies get are going to get cut in half or worse.
Concur with Mark R. that it works well. Doesn’t have everything you might want–especially short on Schedule 1 prescription drugs, but that’s not a great surprise. But if it’s there, it’s worth being your primary backup option.
I had a corner case–insurance not willing to approve a (non-Sched 1) drug the doctor preferred–and, as noted above, managed to get it from Cost Plus for right around what it costs with my (rather good) insurance.
The punch line for me is that the insurance company approved the prescription before the next month. So the other great thing about Cost Plus Drugs–they DON’T automatically refill, which is often a nuisance factor for other medical supplies.
Ken:
You hit me with a term I do not know . . . not that I am Mr. Know-it-all. “corner case–insurance?” slang?
I ran a check on what Mark Cuban has to offer too. A few things (can’t recall) were not available. Stuff I take now is available. We went with WellCare and away from United Healthcare Part D. The monthly payments were too high and WellCare is zip. Tier 1s and 2s in generic form are $6 for 90 day. Cuban’s price was about $1.40 higher. That is a wash to me.