High drug prices? Mark Cuban to the rescue
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More of those greedy rich people.
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@mik said in High drug prices? Mark Cuban to the rescue:
More of those greedy rich people.
But free market evil! We need price controls!
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@mik said in High drug prices? Mark Cuban to the rescue:
More of those greedy rich people.
But free market evil! We need price controls!
@lufins-dad said in High drug prices? Mark Cuban to the rescue:
We need price controls!
Even Trump agrees with that: https://www.reuters.com/article/usa-trump-pharmaceuticals-idUSKBN26507W
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It's no coincidence CVS Health's just-announced major change in how it will price prescription drugs bears a striking resemblance to a Mark Cuban startup.
Under the CostVantage Plan, CVS customers will pay the drug manufacturer's list price plus a markup and dispensing fee. In most cases that should result in lower drug prices.
Add it all up and if the CostVantage plan sounds a lot like Cuban's model, that's because it is.
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The original article (no longer found) said something to the extent of it being ridiculous that it was a private businessman accomplishing this and not Congress. Uh, no. That’s how the system is supposed to work and often will if you keep it transparent and keep the government out of it.
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The original article (no longer found) said something to the extent of it being ridiculous that it was a private businessman accomplishing this and not Congress. Uh, no. That’s how the system is supposed to work and often will if you keep it transparent and keep the government out of it.
@LuFins-Dad said in High drug prices? Mark Cuban to the rescue:
That’s how the system is supposed to work and often will if you keep it transparent and keep the government out of it.
No, you need the force of the government to achieve transparency. Nutrition labels, ingredient/material listing, allergen listing, tons of disclosures by various companies ... all these "transparency" you take for granted today would not be here if not for government regulations. We still have a long way to go to achieve transparency for healthcare and drug pricing.
