Why does a 60-day supply of a chemo drug cost $17,000 at CVS (CVS), but just $72 at Mark Cuban's Cost Plus Drugs? That's what a Congressional subcommittee demanded an answer to in recent hearings as it decided unanimously to crack down on pharmacy benefit managers ("PBMs").
Matt Stoller (also on Substack, anti-monopolist) has been railing about PBM’s for quite a while. Check him out and consider commenting to FTC. the health care industry is certainly ripe for disruption. Good luck, Mark Cuban! Infuriating what care costs. Who said health care biz is not about making people well, it’s about making money!? Yep.
Spectacular article that needs to be written. When politicians wonder why Americans are upset it is these types of brazen conflicts that disenchant voters. Happy to see someone disrupting this corruption. What's that quote? "Being President of the United States is the only job in America that pays $400k a year that people spend $250 million to get." ..... Thank you as always.
Matt Stoller (also on Substack, anti-monopolist) has been railing about PBM’s for quite a while. Check him out and consider commenting to FTC. the health care industry is certainly ripe for disruption. Good luck, Mark Cuban! Infuriating what care costs. Who said health care biz is not about making people well, it’s about making money!? Yep.
Will do. Thx.
Spectacular article that needs to be written. When politicians wonder why Americans are upset it is these types of brazen conflicts that disenchant voters. Happy to see someone disrupting this corruption. What's that quote? "Being President of the United States is the only job in America that pays $400k a year that people spend $250 million to get." ..... Thank you as always.
Check out Prescryptive Health who is working to force PBM transparency.
Oh, thanks for the tip!!!