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Mark Cuban's pharmacy started with a cold email

beckershospitalreview.com

11–20 of 221 posts

Re: Mark Cuban's pharmacy started with a cold email

#11

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

Are you aware millions of Americans don’t have such insurance?

Re: Mark Cuban's pharmacy started with a cold email

#13
I worked for a PBM back in the 90s. The company, and the whole industry, was/is shady AF.

I remember once when I was volun-told to work for new program that handled "rebates". They needed a nerd to support the servers/databases. There was a presentation explaining the program and how it worked. At the conclusion, I asked, "So, this is a kick-back?", and the room went silent. "No, it's not a kick-back. It's a rebate." Hmmm. "Well, it sounds like a kick-back. What's the difference?" We went back-and-forth for a minute or two. Then, finally, some suit spoke up and said "Kick-backs are illegal. Rebates are not." And that was that.

So, I applaud Mark Cuban for his efforts here. I hope this succeeds.

Re: Mark Cuban's pharmacy started with a cold email

#14

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

Are you aware millions of Americans don’t have such insurance?

Of course I am. Please don't be facetious.

But did you even read the comparison? The drug I showed (which was highlighted on Mark Cuban's pharmacy's home page) was still half as expensive by going to a local Walmart.

They're relying on a marketing campaign that "all other pharmacies are evil!" and they're hoping none of the media outlets bother to double-check their talking points. So far, it's working.

Re: Mark Cuban's pharmacy started with a cold email

#15

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

The point is that I have to drive to a local walmart and deal with insurance. That sounds harder.

Re: Mark Cuban's pharmacy started with a cold email

#16

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

Are you aware millions of Americans don’t have such insurance?

But as to the OP’s point, Mark’s pharmacy is still more expensive for those drugs.

Re: Mark Cuban's pharmacy started with a cold email

#17

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

> In 2020, 8.6 percent of people, or 28.0 million, did not have health insurance at any point during the year[0].

[0]: https://www.census.gov/library/publications/2021/demo/p60-27....

Re: Mark Cuban's pharmacy started with a cold email

#18
post #15

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

The point is that I have to drive to a local walmart and deal with insurance. That sounds harder.

Insurance is as simple as handing your insurance card to the pharmacy once. After that, it's in their system.

People generally go to the store to buy groceries anyway, so it's not a big deal to pick up a prescription while shopping.

Re: Mark Cuban's pharmacy started with a cold email

#19
post #17

On one hand, we should obviously applaud anyone doing anything to bring down drug prices. On the other hand, I'm increasingly uncomfortable with just how much free marketing and PR is being applied to the "Mark Cuban Pharmacy" without much critical examination of what's going on here. Taking one of the examples straight from their homepage: They will sell you 30 Prozac tablets for $3.90: https://costplusdrugs.com/med…

> In 2020, 8.6 percent of people, or 28.0 million, did not have health insurance at any point during the year[0]. [0]: https://www.census.gov/library/publications/2021/demo/p60-27... .

Sure, but the example I highlighted didn't include insurance at all. Still half the price at Walmart.

Nobody seems to be even checking the basic facts on this story. Everyone is so eager to dismiss anything insurance-related that they'll take all of the talking points at face value.

Re: Mark Cuban's pharmacy started with a cold email

#20

I worked for a PBM back in the 90s. The company, and the whole industry, was/is shady AF. I remember once when I was volun-told to work for new program that handled "rebates". They needed a nerd to support the servers/databases. There was a presentation explaining the program and how it worked. At the conclusion, I asked, "So, this is a kick-back?", and the room went silent. "No, it's not a kick-back. It's a rebate."…

If I got my grocery store and they say “buy 5 bottles of shampoo and mail your receipt for a $5 rebate” am I getting a “kick back”?

PBM rebates are not illegal. They aren’t transparent to patients (which is a problem) but they aren’t illegal.

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