Someone Told Mark Cuban He Could 'Literally End World Hunger' Without Affecting His Net Worth. Here's What He Answered

3 weeks ago 8

Billionaire Mark Cuban isn't pretending to person each the answers. When idiosyncratic connected Bluesky said helium could “literally extremity satellite hunger” without making a dent successful his nett worth, Cuban didn't brushwood it off. Instead, helium answered, “I’m in! Tell maine how.”

When a 2nd idiosyncratic doubled down, saying Cuban indispensable not beryllium that astute if helium didn't cognize however his wealthiness could assistance extremity hunger, Cuban fired backmost sarcastically: “I’m dumb. I can’t fig retired however to extremity satellite hunger.” But helium rapidly pivoted to thing helium believes helium tin bash thing about: the American healthcare system.

“I bash committedness that I volition proceed to alteration healthcare successful this state and marque it much affordable, perchance mounting a way towards Universal Healthcare,” Cuban said.

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He's already been making moves. Through his company, Cost Plus Drugs, Cuban is moving to bring down cause prices by eliminating the middlemen who inflate costs. The institution adds conscionable a 15% markup connected medications and publishes its full terms database online. It present offers implicit 6,000 medications.

Cuban has been particularly captious of pharmacy payment managers, who helium believes were expected to little costs but person alternatively go profit-driven giants. According to him, they acquired security providers and retail pharmacies and are present attempting to grow into pharmaceutical manufacturing. “They got greedy,” Cuban told Fortune earlier this year.

Although Cuban believes “healthcare is simply a right,” helium argues that moving the U.S. to a cosmopolitan healthcare strategy isn't the speedy hole radical presume it is. In a September station connected X, helium said, “The casual reply is to accidental Universal Healthcare. The situation is that each azygous state that has UHC, moved to it earlier aesculapian subject introduced precocious costly equipment.”

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He added that the hard portion is delivering attraction reasonably without financially devastating doctors and hospitals. “The lone situation is however we plan the strategy that works successful this country,” helium wrote.

Cuban has floated an alternate idea: support insurers from being the cardinal force, destruct premiums, and grow cash-pay options with wide pricing. That way, patients would perpetrate to what they tin afford, with taxpayers covering the rest.

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