Mark Cuban Wants To Reshape Healthcare — 5 Ways His Approach Could Save Americans Money
Written by
Laura Beck
Edited by
Levi Leidy
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For many living in America, healthcare is both complicated and expensive. But Mark Cuban thinks there’s another way. The billionaire entrepreneur is making waves with a surprisingly simple approach to fixing America’s healthcare mess.
Here’s how Cuban wants to reshape healthcare and save Americans money.
Cutting Out the Middlemen
Cuban’s Cost Plus Drugs company took aim at a basic problem: Why do medications cost so much? His solution is simple — get rid of the middlemen. By bypassing traditional pharmacy benefit managers like CVS Caremark and Express Scripts, his company offers drugs at dramatically lower prices.
Transparency Is the Game-Changer
“The smartest thing we did was publish our entire price list because that allowed any company, any sponsor, CMS, researchers to compare our prices to what others were already paying,” Cuban said.
While some companies hide their real costs behind layers of complexity, Cost Plus Drugs puts everything out in the open. Want to know exactly what you’ll pay? Just check the website. No surprises, no hidden fees.
Old-School Simplicity
For his own employees, Cuban is practicing what he preaces. No deductibles. No pre-authorizations. No claim denials. “You see the doctor, pay them and that’s it. No fuss, no muss,” Cuban said. It’s simple — and even better, it works.
Upfront Payments Change Everything
Cuban’s companies pay hospitals upfront at Medicare rates or lower. This eliminates the financial risk for hospitals (who often eat the cost of unpaid deductibles) and cuts out a lot of paperwork. Less hassle means lower costs for everyone.
Making the System Work for People
Cuban’s showing that healthcare doesn’t have to be a pile of insurance forms and surprise bills. By publishing all his contracts and pricing, he’s creating a blueprint other businesses can follow. It turns out making healthcare affordable isn’t rocket science — it just needs someone willing to cut through the complexity.
As Cuban points out, most of these ideas aren’t new or revolutionary. They’re just common sense approaches that put people before profits.
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