Update of 2/9/2022: Can Mark Cuban Slash Drug Costs? Not where prices are highest. Last month, Mark Cuban, the billionaire serial entrepreneur and star of NBC’s Shark Tank, announced the launch of an online pharmacy with a mission to drive down the cost of generic drugs. Generic drug prices often greatly exceed manufacturing costs, though competition is generally uninhibited by patents. But because insurance plans typically have very low copays for preferred generic drugs, Cuban’s new firm may struggle to make a significant impact on the marketplace, even if it substantially undercuts existing providers on price.
Bravo Mark Cuban! Free markets and enterprises are the best medicine! Bring on more competition!
Why can't we still not buy new cars online? Why do consumers still have to pay for all these fancy car dealerships?
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