Mark Cuban (Sam Hodde/AP Images)

'We want to car­ry them al­l': Mark Cuban on why trans­paren­cy is king when it comes to drug prices

Mark Cuban, own­er of his own steeply dis­count­ed gener­ic drugs com­pa­ny, laid in­to phar­ma­cy ben­e­fit man­agers to­day, say­ing part of the prob­lem is that the mid­dle­men help set the prices of drugs.

“When the pa­tient, gov­ern­ment, busi­ness can re­move in­ter­me­di­aries, prices can be set to meet the needs of the sell­er and pa­tients rather than mid­dle­men,” Cuban wrote on Twit­ter on Fri­day.

While PBMs say their re­bates help low­er drug prices for pa­tients and save the sys­tem mon­ey, of­ten times these com­pa­nies find new ways to cap­ture parts of the phar­ma pie for their own tak­ing. PBMs are cur­rent­ly fac­ing po­lit­i­cal pres­sure from both sides of the aisle.

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Venture & Research Associate

Alexandria Real Estate Equities

San Francisco, CA, USA