Mark Cuban Enters Convoluted PBM Market, Promises Lower Prescription Drug Prices

Two new groups have entered the pharmacy benefit manager (PBM) market: Mark Cuban and a coalition of employers. The Mark Cuban Cost Plus Drug Company offers competitive prescription drug prices and promises transparency.

“The Mark Cuban Cost Plus Drug Company and the Purchaser Business Group on Health, a coalition of 40 large private and public employers, are both creating pharmacy benefits managers. Known as PBMs, these controversial, behind-the-scenes entities play a crucial role in establishing prescription drug prices across the U.S.” Read more here.

(Source: Ed Silverman, STAT News, 10/25/21)