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Sarah was recently booted off her parents’ family insurance plan after turning 26. She’s on her own now, but is in luck: the software company she works for offers decent health insurance, with an annual premium of $7,739 and a deductible of $1,945.
Sarah is healthy and doesn’t frequently go to the doctor. Her only health condition is ulcerative colitis, but she’s in remission with the help of two medications that control inflammation: mesalamine extended release (Apriso) and mesalamine (Canasa). Since Sarah now pays for her deductible and premium, her out-of-pocket expenses are about to jump: a 3-month supply of Apriso and Canasa cost on average around $370 and $2,820, respectively.
Sarah wonders why her meds are so expensive. Billionaire entrepreneur Mark Cuban wonders the same thing. He is looking for a solution by tackling the drug supply chain head-on. He aims to lower the cost of common medications with the launch of his pharmacy, the Mark Cuban Cost Plus Drug Company (MCCPDC).
How Does MCCPDC Work?
MCCPDC is an online pharmacy offering 100 affordable, life-saving generic drugs. Some of MCCPDC’s drugs are 10 times cheaper than those sold elsewhere. The company achieves such cost savings by removing insurance plans and outside middlemen, known as pharmacy benefit managers (PBMs), from the drug supply chain.
Michigan Voices for Better Health 