I almost got screwed by the Walgreens pharmacy. I got prescribed a VERY tiny bottle of eye drops that I apparently need for the rest of my life. I'd need two bottles a month....for life. At Walgreens they're $2,500 dollars/ea. Through costplus they're $4/ea. What a fuckin difference!
He’s selling his company. Be careful. Yes he is correct about the payment from insurance to hospitals. But he’s selling his company. He’s not doing this for the people. He’s making money. That’s all. It might help but I’ll wait and see.
@@Chunkiie_CustomzWhy can’t it be both? No need to be an unnecessary pessimist and force a binary where nuance exists with the “that’s all” statement. He said he wants to go down in history for doing a good thing at the end of this clip. Who cares if someone does a good thing for other people for the sake of their ego or making money? A good thing is happening for others, regardless of motivation
@@Chunkiie_Customzyou can say he’s trying to eventually make money, but if you didn’t listen, he literally said they are losing money as of rn LOL & regardless, id rather let mark make %15 on me, than someone else make 50-500% on me, so keep on keeping on you goofy
Mark himself is not bipartisan.... He is firmly on the Democrat side. ...So why should everyone else just ignore this fact? He could very easily work with both sides. RFK Jr would probably align entirely with anything that he can do to make healthcare more affordable. But still, this is Mark Cuban himself refusing to work with both sides.
It’s not bots liberal, it’s Americans. I don’t want the government in charge of my healthcare. Ask the hurricane victims about depending on the government. Idiots
I had a family doctor with his own office. He had 3 assistants behind the counter helping him, after observing a few times, I realized that only 0.5 of them is helping the doctor doing nursing related work. 2.5 of them are just dealing with paperworks and insurance companies. And the doctor one time complained to me that he's not really make much money (he's a good doctor and very patient with elder patients).
This is a huge point. People would happily pay for their own medical care if it was affordable. It’s been made totally unaffordable on purpose so insurance companies have a market then they refuse to pay which drives prices even higher.
@@InfoWarsTexasstay healthy? You know that 95% of what will happen to your body is already in your DNA at birth right? You must have seen people who smoked 2-3 packs a day for 50 years not getting lung cancer, but someone who never touched a cigarette get it? How about the kids that get cancer when they are 0-5 years old, are you going to tell them that they didn’t live healthy? Genes are the big thing, then you can probably fuck it up by doing something that is bad very excessively if you had a tendency for what ever happened in your genes.
@@InfoWarsTexasdo you realize how awful of a take that is? The entire system is beyond broken, even for healthy people. And even “healthy people” are avoiding needed checkups due to the costs and complications
In 2014, Hep C medication costs over $80,000 for the 3 month dose in the US. My SIL’s insurance in Canada currently pays $20,000 for an injection for MS every 6 months. Medication prices are outrageous.
It’s a double edged sword. The market created the drug. The company spends hundreds of millions or billions to research develop and test a drug, in the hope they can make a profit off their product. No profit potential = no development. If you have idiots in government manipulating free market prices, it can prevent companies from making money off their products, and will deter product development. Hep C drug prices also stay high because it’s still much cheaper for an insurance company to pay 80k for harvoni than pay for a liver transplant or a month long ICU stay. In other words, for what you’re preventing, 80k is a steal.
I'm in Canada my Dad's medication (Esbriet) for IPF lung scarring cost $40,000 per year. Dad's doctor spoke to the drug manufacturer and they covered the cost so it was $0. I see costplusdrugs website shows generic version Pirfenidone is $7,821.00USD ($11,000CAD). That's just 90 pills Dad probably took that each month if not two weeks. He still had to pay $1,200 every few weeks for Humria for rheumatoid arthritis. Now the Canadian government is moving towards covering all drugs with the Pharmacare legislation.
What he's doing is a good thing, but let's not pretend he'd be doing it if he didn't believe it's going to make him billions of dollars. Keeping a company private and disrupting a market pays off in the longer term. For example, look at OpenAI.
@damonhtoo i mean considering he already admitted that he brought the model to the US Gov to use im not really sure that's the end goal here... especially since there's nothing stopping any other millionaires from creating a similar platform since all they're doing is posting prices. Honestly isn't even the first time I've seen this idea in practice. I'm blanking on the other companies name though
@@damonhtoo so what's the issue?... theres inherently competition built in and the end result is affordable medicine. Yall will really search for anything to criticize huh?
No he's not............read the REAL mark cuban and how he STOLE audionet from Chris Jaeb buy offering to invest....unknowingly when he offered Cuban 10%, Mark had it written into the contract that he could dilute Jaeb down to 1%, so he went from 100% to 1% when Jaeb secured the rights to basically EVERY SPORTS TEAM in America..........Cuban and his buddies teamed up, diluted Jaeb then sold the Yahoo for $6 BILLION leaving Chris with a few million and NOT the $BILLIONS....Cuban was Zuckerturd before FB. Did I mention Cuban bought a meme Crytpo sending the price soaring then sold off costing mom and pop investors 100s of MILLIONS, while he pocketed over $600 MILLION.
Capitalism is a great system but doesn't work best for every industry. When you allow healthcare to be publicly traded (both hospitals & Insurance) they become no different than any other industry. A publicly traded company is legally bound to do what's best for shareholders and to increase profits. Patients don't factor into it. Like any huge industry, it's now consolidated into a few major (publicly traded) players making it easier to keep prices where they want them. Change is needed.
Exactly. Essential parts of life like health should not be operated for profit. Cars, watches, baseball caps or any other non-essential thing can be profitable but not things that are directly connected to our mental and physical wellbeing.
Indeed. The referee definitely needs to step in. The question is how much. We figured it out with utilities back in the day, it can be done, I think in order to do it though you’ll probably need to get money out of politics in some fashion, I think the current version of our legislators is a bit too compromised to be able to effect the necessary changes.
@@jproper He's operating at a loss.....He's not making any money from this....He's literally doing it to say fuck you to the health care system. That's the definition of having "fuck you" money.
@@nopenshaw3 wild here in Ireland Healthcare and housing are two biggest issues and now immigration/lawenforcement might also be added but nothing else ever really effects the election
Honestly, the rest of first world nations have free healthcare for accidents and subsidised medication . Most people pay for private insurance to pay for private hospitals and fast service for non-emergency healthcare. It’s a win win for rich and poor. Rich have fast treatment at private hospitals and every person in need is treated for free at public hospitals with no fear of bills. When will the US stop letting their people suffer for profit
Why do yall keep saying free healthcare. NOBODY has free healthcare. You either pay for it once your company gives you your paycheck or the government takes it out of your paycheck before you get the money. Either way, you are paying for it. Poor people here can get government health insurance as well. Its called medicaid. There are plenty of problem with the healthcare system but a lot of it is self inflicted. People dont buy health insurance because they rather keep the money and then act like they are a victim when they have an emergency. They don't save money to cover their deductible. They choose the crappiest cheapest plan that satisfies the government minimum. Then once they get slammed they blame everyone and everything except their poor choices. Now, there are truly people who get screwed i agree. but that is few are far between. It mostly comes from people not planning appropriately.
3:25 If your executive order has no teeth, company's aren't going to care, $1000 a day is just getting passed on to the patients as a group as ultimately that's where the money comes from, either by paying insurance premiums or paying out of pocket. Side note: That these sort of penalties are never jail time for companies is why they will always be ignored.
What I'm getting from this is that every problem is coming from the insurance company and it has nothing to do with the hospitals, doctors, or patients.
Medication is capped in Australia. $6.99. I take a few & I’m not a concession holder. USA Freedumb. Public health is also FREE. I was in hospital 3 days recently, mri’s, X-rays, surgery….all for FREE.
I take Humira for arthritis, that's $8300 per month. My wife takes a drug for her eczema that is $8600 per month. Between the two is us, that's almost 1/4 million dollars a year. Not to include the other meds we both take.
I haven't heard of Theo until recently. But he fascinates me. He alternates between asking some of the simplest questions and misunderstanding to asking some of the most insightful questions.
Thank you guys and to the crew! This topic has affected me since childhood as i sick in childhood, I was required to have continuous coverage ($400/months at 20 years of age) or I would have lost my ability for any coverage because of pre-existing conditions.
Awesome. We also need to look at this as a means to reduce the amount of meds we are prescribed in general. Of course there is some meds that people will just need, but a lot of meds are prescribed when instead the goal should be to attack the root cause. Ie: weight loss instead of prescribing ozempic.
Simple but brilliant and brave to publically release all the contracts/cost. This is a problem in economics we call asymmetry of information within an industry (healthcare) which is solved by being transparent, however businesses don't have incentives to do so...in the case of Mark's business model uses that altruistic transparency as a selling point which totally flip the script on how businesses are being run and solve the asymmetry, especially with pricing (not just cost, but misallocation of resources).
The US census showed in 2022, 17.3% of the population was 65 or over. By 2100, 29.1% people in the US will be 65 and over. Insurance companies are going to make huge profits.
This is all so true. I always wondered if a generic is cheaper than the original, why do we even need to non-generic. I can't understand what he's saying what to use to get cheaper drugs. Mine are killing me. Big Pharma is a rip off. Would this apply to OTC drugs. I found the name but how do you get to use costplus?
Who would pay to research these solutions? Who would pay every time a drug is declined by the FDA? You would not have a generic if someone didn’t create the original medicine. Imagine you created something that costs billions to create, and someone just stole it and made it generic without giving you time to recoup your investment.
I like how Theo tried to make this appear like Trump cares and Biden doesn't and Cuban corrected his ignorance. But the low fines shows it was not meant to be enforceable.
In Nashville, soo many people are getting obscenely rich by exploiting the healthcare system. Rehabs, pharmaceutical companies, doctors i know personally are wealthier than you can imagine from legally exploiting insurance companies and the governed. Government.
Provider charge (mucho money) -> allowable charge (way less) -> insurance responsibility (usually 80%), patient responsibility (usually 20%) -> you pay whatever your deductible is first before the insurance starts paying their 80%. Boom!
The payment for services is the same for every insurance. Medicare pay schedule. Bad if you don't have insurance. You pay full price. Absurd prices by providers. If you out-of-network, you don't get the medicare pay schedule price, but you get the 80/20. Boom!
The solution to this is actually quite simple. If you look at the cost of these drugs in the United States vs overseas, in Europe for example, they are the same drugs by the same manufacturers but they charge us significantly more here than they do overseas. So all we need is a federal law that prohibits this. We need a federal law that states they cannot charge any more in this country for these very same drugs than what they charge overseas. They will not be able to raise the overseas prices because they will meet Governmental resistance.
He said in the podcast (outside of this clip) that his family voted "no" on getting into politics because of the effect it would have on the family, as the family would get dragged into the political spotlight.
The problem with the American healthcare system pricing model is so much of it is based on paying for the uninsured. The reason why hospitals upcharge patients for care is they are required under federal law to cover the emergency care of any individual who comes in through their doors. That costs money. That means they need to set money aside in an uninsured fund for these people. If a guy has a massive heart attack and needs emergency surgery and so on, the hospital has to eat upwards of a $150,000 or more in cost because that uninsured person has no realistic avenue of paying the bill. So what happens? They inflate the cost of care everywhere else. This means even if you're against socialized medicine, you're already paying for the healthcare of the uninsured because the hospital is upcharging you for the care of the uninsured. We basically agreed to a sloppier and less efficient version of socialized healthcare. This is what Obama's Affordable Care Plan was trying to correct. The health insurance mandate would have limited the number of uninsured people coming into the ER for emergency care they couldn't pay for. This would have ensured hospitals had less of a money hole they needed to fill and that would have ultimately resulted in hospital costs dropping over time since everyone coming in had an insurance company that could be charged for the emergency care. The problem is that law underestimated how sick young Americans were. What they expected was the young and healthy would be required to have health insurance but not use it much. This would give insurance companies free funds to pay for elder healthcare and the care of the extremely sick. What actually ended up happening is everyone decided to use their care at once and this caused premiums to spike.
Thank you! The brain is a part of the body! And if your brain needs help you can’t fight agents over the phone and you can’t beg doctors for basic care like others are expected to! Thank you!
Yeah you pay for your insurance plus the deductible which can be a lot. Lower the deductible the higher you pay for your insurance. I had…3 shots in my back for something (the shots did NOTHING for me) plus a surgery on something different. 3 MRIs. It’s crazy. What sucks is paying for stuff that doesn’t do anything for our problem because insurance makes us jump through hoops to get to what we really need done. It’s beyond frustrating. The shots in my back did nothing so they want me to try fucking numbing cream. Like oh okay just numb it to MAYBE reduce my pain. Don’t solve what’s causing the pain nah…like getting shot and then throwing a bandaid over the hole saying “okay you’re good”. It’s wild.
I may not agree with everything you believe in but you deserve your success doing something like this literally saving lives and making an impact can’t hate on the whatsoever
I got some dutasteride for hair loss prevention and my insurance won't cover it because it's cosmetic. Walgreens wanted to charge me over $120. Cost plus drugs, it was $19 after shipping.
I almost got screwed by the Walgreens pharmacy. I got prescribed a VERY tiny bottle of eye drops that I apparently need for the rest of my life. I'd need two bottles a month....for life. At Walgreens they're $2,500 dollars/ea. Through costplus they're $4/ea. What a fuckin difference!
What’s the name of the prescription
THIS is not the AMERICA that was founded in 1776. A little corruption, YES, 900% over tax NOOOOOOO!
Can you believe people still hate even while doing this insane
Sheeeesh
Criminal.
Cuban is 1,000% spot on in this segment. Good on him.
If he would stop being a baby and join up with RFK Jr, that would actually be a pretty insane team to take down big pharma.
He’s selling his company. Be careful. Yes he is correct about the payment from insurance to hospitals. But he’s selling his company. He’s not doing this for the people. He’s making money. That’s all. It might help but I’ll wait and see.
@@Chunkiie_CustomzWhy can’t it be both? No need to be an unnecessary pessimist and force a binary where nuance exists with the “that’s all” statement. He said he wants to go down in history for doing a good thing at the end of this clip. Who cares if someone does a good thing for other people for the sake of their ego or making money? A good thing is happening for others, regardless of motivation
@@Chunkiie_Customzactually the people can’t find better prices anywhere you idiot
@@Chunkiie_Customzyou can say he’s trying to eventually make money, but if you didn’t listen, he literally said they are losing money as of rn LOL & regardless, id rather let mark make %15 on me, than someone else make 50-500% on me, so keep on keeping on you goofy
Theo paying cheaper health insurance than me is crazy.
Mine’s EVEN cheaper- $0! Fuck that garbage waste of money
RIP
@angie7278 OMG MY GIRL!!!! 🙏🏻🙌🏻
@@JC-ov5yz I’m healthier than most of ya’all, especially my wallet! No one NEEDS health insurance.
@@angie7278lmao
Political bots hating on Mark when affordable healthcare should be bipartisan.
Exactly
All political shills
Shut up, stupid
Mark himself is not bipartisan.... He is firmly on the Democrat side.
...So why should everyone else just ignore this fact? He could very easily work with both sides. RFK Jr would probably align entirely with anything that he can do to make healthcare more affordable. But still, this is Mark Cuban himself refusing to work with both sides.
It’s not bots liberal, it’s Americans. I don’t want the government in charge of my healthcare. Ask the hurricane victims about depending on the government. Idiots
I had a family doctor with his own office. He had 3 assistants behind the counter helping him, after observing a few times, I realized that only 0.5 of them is helping the doctor doing nursing related work. 2.5 of them are just dealing with paperworks and insurance companies. And the doctor one time complained to me that he's not really make much money (he's a good doctor and very patient with elder patients).
Yes, they have to spend way too much time on paperwork, & not enough with patients.
This is a huge point. People would happily pay for their own medical care if it was affordable. It’s been made totally unaffordable on purpose so insurance companies have a market then they refuse to pay which drives prices even higher.
A privatization of our jail bail system is another aspect that needs to be looked into.
This is the stuff that needs to happen to fix our healthcare system….
@@Mr_Hertz_Donut or work harder get cheaper rates and stay healthy so you don’t have to live in the hospital?
@@InfoWarsTexasstay healthy? You know that 95% of what will happen to your body is already in your DNA at birth right? You must have seen people who smoked 2-3 packs a day for 50 years not getting lung cancer, but someone who never touched a cigarette get it? How about the kids that get cancer when they are 0-5 years old, are you going to tell them that they didn’t live healthy? Genes are the big thing, then you can probably fuck it up by doing something that is bad very excessively if you had a tendency for what ever happened in your genes.
@@InfoWarsTexasdo you realize how awful of a take that is? The entire system is beyond broken, even for healthy people. And even “healthy people” are avoiding needed checkups due to the costs and complications
In 2014, Hep C medication costs over $80,000 for the 3 month dose in the US. My SIL’s insurance in Canada currently pays $20,000 for an injection for MS every 6 months. Medication prices are outrageous.
You do know there is a cure it's called maverit 2 months and it's done not detected in blood
It’s a double edged sword. The market created the drug. The company spends hundreds of millions or billions to research develop and test a drug, in the hope they can make a profit off their product. No profit potential = no development. If you have idiots in government manipulating free market prices, it can prevent companies from making money off their products, and will deter product development. Hep C drug prices also stay high because it’s still much cheaper for an insurance company to pay 80k for harvoni than pay for a liver transplant or a month long ICU stay. In other words, for what you’re preventing, 80k is a steal.
@@Jungynam827 nobody’s fault but yours
I'm in Canada my Dad's medication (Esbriet) for IPF lung scarring cost $40,000 per year. Dad's doctor spoke to the drug manufacturer and they covered the cost so it was $0. I see costplusdrugs website shows generic version Pirfenidone is $7,821.00USD ($11,000CAD). That's just 90 pills Dad probably took that each month if not two weeks. He still had to pay $1,200 every few weeks for Humria for rheumatoid arthritis. Now the Canadian government is moving towards covering all drugs with the Pharmacare legislation.
@@InfoWarsTexas I bet you think people only get hepatitis C from using illegal drugs.
This is Mark's true life work. He's helping SO MANY people. It's heroic
Mark Cuban is a real American hero
What he's doing is a good thing, but let's not pretend he'd be doing it if he didn't believe it's going to make him billions of dollars. Keeping a company private and disrupting a market pays off in the longer term. For example, look at OpenAI.
@damonhtoo i mean considering he already admitted that he brought the model to the US Gov to use im not really sure that's the end goal here... especially since there's nothing stopping any other millionaires from creating a similar platform since all they're doing is posting prices. Honestly isn't even the first time I've seen this idea in practice. I'm blanking on the other companies name though
@@awesomeGking GoodRx. He saw GoodRx's success and realized he could also get into the space.
@@damonhtoo so what's the issue?... theres inherently competition built in and the end result is affordable medicine. Yall will really search for anything to criticize huh?
No he's not............read the REAL mark cuban and how he STOLE audionet from Chris Jaeb buy offering to invest....unknowingly when he offered Cuban 10%, Mark had it written into the contract that he could dilute Jaeb down to 1%, so he went from 100% to 1% when Jaeb secured the rights to basically EVERY SPORTS TEAM in America..........Cuban and his buddies teamed up, diluted Jaeb then sold the Yahoo for $6 BILLION leaving Chris with a few million and NOT the $BILLIONS....Cuban was Zuckerturd before FB. Did I mention Cuban bought a meme Crytpo sending the price soaring then sold off costing mom and pop investors 100s of MILLIONS, while he pocketed over $600 MILLION.
Thank you mark, help saved my father
Well done mark
I like you now
People shouldnt struggling for medication
Why now?
Capitalism is a great system but doesn't work best for every industry. When you allow healthcare to be publicly traded (both hospitals & Insurance) they become no different than any other industry. A publicly traded company is legally bound to do what's best for shareholders and to increase profits. Patients don't factor into it. Like any huge industry, it's now consolidated into a few major (publicly traded) players making it easier to keep prices where they want them. Change is needed.
Exactly. Essential parts of life like health should not be operated for profit. Cars, watches, baseball caps or any other non-essential thing can be profitable but not things that are directly connected to our mental and physical wellbeing.
Indeed. The referee definitely needs to step in. The question is how much. We figured it out with utilities back in the day, it can be done, I think in order to do it though you’ll probably need to get money out of politics in some fashion, I think the current version of our legislators is a bit too compromised to be able to effect the necessary changes.
@bladestratford yea and Mark wants a piece of the pie 🥧
@@jproper He's operating at a loss.....He's not making any money from this....He's literally doing it to say fuck you to the health care system. That's the definition of having "fuck you" money.
@@jcout25 He's literally doing it for a tax break.
Mark Cuban is a saint.
NO.
This clip got me hype! Mark is a fuckin rockstar for this
Good job cuban, thanks for having him on Theo.
Also, past time for wage & funeral expense transparency.
BTW- cremation is the most affordable. Recently found for under $650
I dislike Cuban's politics, but this is very respectable. I hope he works with the next administration, regardless of who wins the election.
I'm not an American but surely this is the biggest political issue?
@@od9694nah, people are too caught up with abortion rights, gun rights, and lgbtq rights
@@nopenshaw3 wild here in Ireland Healthcare and housing are two biggest issues and now immigration/lawenforcement might also be added but nothing else ever really effects the election
He said he would regardless of who wins if they let him, his exact words were “country over party”
How do you dislike his politics when he's not even a politician? Just say you don't like Democrats politics. 🤡
Honestly, the rest of first world nations have free healthcare for accidents and subsidised medication . Most people pay for private insurance to pay for private hospitals and fast service for non-emergency healthcare. It’s a win win for rich and poor. Rich have fast treatment at private hospitals and every person in need is treated for free at public hospitals with no fear of bills. When will the US stop letting their people suffer for profit
Why do yall keep saying free healthcare. NOBODY has free healthcare. You either pay for it once your company gives you your paycheck or the government takes it out of your paycheck before you get the money. Either way, you are paying for it. Poor people here can get government health insurance as well. Its called medicaid. There are plenty of problem with the healthcare system but a lot of it is self inflicted. People dont buy health insurance because they rather keep the money and then act like they are a victim when they have an emergency. They don't save money to cover their deductible. They choose the crappiest cheapest plan that satisfies the government minimum. Then once they get slammed they blame everyone and everything except their poor choices. Now, there are truly people who get screwed i agree. but that is few are far between. It mostly comes from people not planning appropriately.
3:25 If your executive order has no teeth, company's aren't going to care, $1000 a day is just getting passed on to the patients as a group as ultimately that's where the money comes from, either by paying insurance premiums or paying out of pocket. Side note: That these sort of penalties are never jail time for companies is why they will always be ignored.
The edits is so smooth, loved it!
Please explain like I’m 5.
My cf medication is 300,000 a year! I’m glad I live in Canada
What I'm getting from this is that every problem is coming from the insurance company and it has nothing to do with the hospitals, doctors, or patients.
That's correct
Medication is capped in Australia. $6.99. I take a few & I’m not a concession holder. USA Freedumb. Public health is also FREE. I was in hospital 3 days recently, mri’s, X-rays, surgery….all for FREE.
The healthcare industry has Long been a train wreck. It is way overdue that Americans get quality health insurance to affordable prices.
I take Humira for arthritis, that's $8300 per month. My wife takes a drug for her eczema that is $8600 per month. Between the two is us, that's almost 1/4 million dollars a year. Not to include the other meds we both take.
How much with Mark Cuban?
I recommend you look up how much the medication would cost you through cost plus drugs
That's disgusting. Mine is free, and even if I paid for it, it'd be 1,100 euros a month
If the govt interfered with these companies making a profit, they wouldn’t have made the products and you’d just have whatever condition you have.
@@rxw5520 not true. It would work like it does in every other western country that isn’t burning from the inside out, like America.
Cuban, a true humanitarian!
Use your position and money to make life better for your neighbors.
So Nobel.
I haven't heard of Theo until recently. But he fascinates me. He alternates between asking some of the simplest questions and misunderstanding to asking some of the most insightful questions.
"The Paul Revere of Pills!" Great name for Mr. Cuban
Thank you guys and to the crew! This topic has affected me since childhood as i sick in childhood, I was required to have continuous coverage ($400/months at 20 years of age) or I would have lost my ability for any coverage because of pre-existing conditions.
Awesome. We also need to look at this as a means to reduce the amount of meds we are prescribed in general. Of course there is some meds that people will just need, but a lot of meds are prescribed when instead the goal should be to attack the root cause. Ie: weight loss instead of prescribing ozempic.
Cuban for President!!!!!….. a real business man no bankruptcies
I hope he changes his mind someday…
It was nice knowing you Mark....
Right?! Taking on a GIANT like pha?ma can only end up in a “suicide”… 😢
Cuban destroyed his image in a matter of days...
@@akali.x please elaborate
@@sunshine3914why? They’re dumb. Lol. Headline readers and idiots that can’t use common sense 😂
@@Ccthomas-ks1hnJust attempting to make them exercise their brains.
You might not like Cuban for whatever reason but his cost Plus pharmacy is his greatest legacy
Mark is truly a fighting Angel going against the devil pharma
Thank you Mark Cuban!!
@@mikebritton5428 for cucking to kamolly?
His business is a blessing
Good for Mark. Glad he’s doing this.
that’s pretty badass. I tip my hat to you sir Mark Cuban
Imagine if employers had to disclose what they are paying employees. Or if they had to be open about the ridiculous profit margins 🙈
Its a beautiful dream and we need more people thinking like this
Simple but brilliant and brave to publically release all the contracts/cost. This is a problem in economics we call asymmetry of information within an industry (healthcare) which is solved by being transparent, however businesses don't have incentives to do so...in the case of Mark's business model uses that altruistic transparency as a selling point which totally flip the script on how businesses are being run and solve the asymmetry, especially with pricing (not just cost, but misallocation of resources).
Mark for President
This is very eye-opening. The markup of prescription.drugs is insane.
My insurance makes me go to CVS or they won't pay
Good job Mark. There's one billionaire on the peoples side. Thank you.
400 dollars a month?? Jesus christ, God bless the NHS in the UK
Imagine living in a country were a billionaire as fixe the health care system to make it more affordable to the middle class and the poor that crazy.
I don’t care about self driving cars or going to Mars.
Mr. Cuban is a bad ass Robin Hood.
Thanks for caring about people and life.
Thank you for this explanation !
Cuban sticking it to the man while being the man.
$400/month????? What?? How??? Why????? Clearly I’m doing something wrong because I pay close to $700/month for coverage for 1 person
PBMs all being sued currently due to this situation in US Pharma.
The US census showed in 2022, 17.3% of the population was 65 or over.
By 2100, 29.1% people in the US will be 65 and over. Insurance companies are going to make huge profits.
Cuban out here for the people and “just to Fkk up the health care industry” ima fan
This is all so true. I always wondered if a generic is cheaper than the original, why do we even need to non-generic. I can't understand what he's saying what to use to get cheaper drugs. Mine are killing me. Big Pharma is a rip off. Would this apply to OTC drugs. I found the name but how do you get to use costplus?
Who would pay to research these solutions? Who would pay every time a drug is declined by the FDA? You would not have a generic if someone didn’t create the original medicine. Imagine you created something that costs billions to create, and someone just stole it and made it generic without giving you time to recoup your investment.
Cost Plus saves me an estimated $100 on every refill.
I like how Theo tried to make this appear like Trump cares and Biden doesn't and Cuban corrected his ignorance. But the low fines shows it was not meant to be enforceable.
This is like watching that scene in Zoolander where he said, “the files are IN the computer”. 😂
Mark is a legend. That dude F*cks stuff up for the people! Amazing marketing!
Marky Cube is a real one.
Laughable
Mark Cuban 2028!! shhhhhhh!t ima just vote for Cuban this year
Please do healthcare next Mark!
Unfortunately, two of my major prescriptions and my insurance isn’t accepted. Hopefully soon
Mark Cuban rocks!
I swear I like Mark Cuban more with every interview.
if you need heavy medication, just fly to Asia, like malaysia Singapore or thailand, cheaper
mexico even
Mark really should run for office but fixing this shit would be really stressful.
In Nashville, soo many people are getting obscenely rich by exploiting the healthcare system. Rehabs, pharmaceutical companies, doctors i know personally are wealthier than you can imagine from legally exploiting insurance companies and the governed. Government.
Provider charge (mucho money) -> allowable charge (way less) -> insurance responsibility (usually 80%), patient responsibility (usually 20%) -> you pay whatever your deductible is first before the insurance starts paying their 80%. Boom!
The payment for services is the same for every insurance. Medicare pay schedule. Bad if you don't have insurance. You pay full price. Absurd prices by providers. If you out-of-network, you don't get the medicare pay schedule price, but you get the 80/20. Boom!
The difference between the allowable and the provider charge is called disallowable. That is not patient responsibility. Pow! 👊
Thank you, Mark Cuban. Thank you, Theo Von. 🙏🏼
@@Marc.Google for being a leftist shill? Following the money? Not caring about the state of our nation and supporting a literal Marxist?
The solution to this is actually quite simple. If you look at the cost of these drugs in the United States vs overseas, in Europe for example, they are the same drugs by the same manufacturers but they charge us significantly more here than they do overseas. So all we need is a federal law that prohibits this. We need a federal law that states they cannot charge any more in this country for these very same drugs than what they charge overseas. They will not be able to raise the overseas prices because they will meet Governmental resistance.
mark should raise the price to see where he can make a small profit. it'll probably still be 10x better than normal.
I pay $700 a month for me and my family to be covered as a firefighter lol. Theo Von only paying $400 is crazy
So do it! He has the money and knows other people with money. They could realistically do it.
Learning about things like this is why i avoid going to the doctor unless i absolutely have to.
Idk why Cuban doesn’t run for president son. Seriously
He said in the podcast (outside of this clip) that his family voted "no" on getting into politics because of the effect it would have on the family, as the family would get dragged into the political spotlight.
Thanks Cuban!
Doesn't everybody? Anybody who goes to the doctor & has any medical issues.
Canadian pharmaceutical companies can ship to TX with valid script for anyone buying very expensive inhalers 😅
The problem with the American healthcare system pricing model is so much of it is based on paying for the uninsured.
The reason why hospitals upcharge patients for care is they are required under federal law to cover the emergency care of any individual who comes in through their doors. That costs money. That means they need to set money aside in an uninsured fund for these people. If a guy has a massive heart attack and needs emergency surgery and so on, the hospital has to eat upwards of a $150,000 or more in cost because that uninsured person has no realistic avenue of paying the bill.
So what happens? They inflate the cost of care everywhere else. This means even if you're against socialized medicine, you're already paying for the healthcare of the uninsured because the hospital is upcharging you for the care of the uninsured. We basically agreed to a sloppier and less efficient version of socialized healthcare.
This is what Obama's Affordable Care Plan was trying to correct. The health insurance mandate would have limited the number of uninsured people coming into the ER for emergency care they couldn't pay for. This would have ensured hospitals had less of a money hole they needed to fill and that would have ultimately resulted in hospital costs dropping over time since everyone coming in had an insurance company that could be charged for the emergency care.
The problem is that law underestimated how sick young Americans were. What they expected was the young and healthy would be required to have health insurance but not use it much. This would give insurance companies free funds to pay for elder healthcare and the care of the extremely sick.
What actually ended up happening is everyone decided to use their care at once and this caused premiums to spike.
"Lets just say [your ACA plan has a] 2,000 dollar deductible." LOL no, not at 400 bucks a month. Try 10k.
Thank you! The brain is a part of the body! And if your brain needs help you can’t fight agents over the phone and you can’t beg doctors for basic care like others are expected to! Thank you!
that's a hugeeeee move
a big part of medicine is the PBM who increase the price to increase their profits.
2028 maybe?
Yeah you pay for your insurance plus the deductible which can be a lot. Lower the deductible the higher you pay for your insurance. I had…3 shots in my back for something (the shots did NOTHING for me) plus a surgery on something different. 3 MRIs. It’s crazy. What sucks is paying for stuff that doesn’t do anything for our problem because insurance makes us jump through hoops to get to what we really need done. It’s beyond frustrating. The shots in my back did nothing so they want me to try fucking numbing cream. Like oh okay just numb it to MAYBE reduce my pain. Don’t solve what’s causing the pain nah…like getting shot and then throwing a bandaid over the hole saying “okay you’re good”. It’s wild.
I may not agree with everything you believe in but you deserve your success doing something like this literally saving lives and making an impact can’t hate on the whatsoever
I got some dutasteride for hair loss prevention and my insurance won't cover it because it's cosmetic. Walgreens wanted to charge me over $120. Cost plus drugs, it was $19 after shipping.
Oh and mind you, the $120 was for a one-month supply. Cost plus drugs was $19 for a three month supply.
MRI on my knee through insurance in 07 was over $2000. Recently, out of pocket MRI, $300. WTF
Shout out Mark Cuban!
@@XxKenyanSwaggxX yeah shout out beta males supporting a dictatorial left wing dictatorship go cuban wooo
You wanna do what cuban we coming for you😂
The biologic drug stelara is 34000 K per dose taken either monthly or bi-monthly
For the rest of your life.
This is the first step on the road to Universal healthcare. Thank you for what you do Mark.
Theo getting pillaged on that health insurance rate because he can’t check “Have you used cocaine? No.”
I’ve check several of my drugs through Cost Plus and every one was cheaper at my local pharmacy.
Thank you I’m going through the ringer with my kid and our Champ Va insurance.
The amount of F-Bombs Mark dropped has made me like him a lot.
I think he's playing to his audience. But, I agree, it's not necessary.