Medicare could save billions on generic drugs buying at Mark Cuban's prices

Medicare could have saved nearly $4 billion in 2020 by purchasing generic drugs at the same prices offered by Cost Plus Drug Company, Cuban's online pharmacy that launched this year, according to a study published Monday in the journal Annals of Internal Medicine.

The study"does show that Medicare is overpaying for some of the generic drugs," said Dr. Hussain Saleem Lalani, a researcher at Brigham and Women’s Hospital in Boston and the study’s lead author."And this is a conservative estimate, so the actual savings are likely higher.” Juliette Cubanski, deputy director of the program on Medicare policy at the Kaiser Family Foundation, said the study certainly raised the question of whether Medicare plans are leaving money on the table, and could be getting better deals on drugs.Right now, price negotiation is “just a completely black box. There’s not a lot of transparency,” she said.

However, making changes that could tackle the problems of generic drug pricing has not been the primary focus of policymakers, Cubanski said. That’s because the kinds of medications patients usually struggle to pay for are brand-name drugs.

Why not use natural remedies

Replace Obamacare

COVID pandemic could have been (and, along with colds & flu, still could be) stopped 100% with safe inexpensive antiviral nasal spray and gargle. No masks, lockdowns, vax needed. Research supports it. Also common sense; kill virus in nose/mouth before it moves to rest of body.

What’s he gonna do , kneel for BLM . What a 🤡

No, he doesn’t. Billionaires aren’t our defacto leaders. Actual healthcare specialists and every other industrialized country in the world have the answer and it’s guaranteed universal healthcare and regulations against hostage situation price-gouging

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