Mark Cuban
@mcuban
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Dunking on the pharma industry with @costplusdrugs.com, the lowest prices on meds anywhere. check it out !
Joined September 2008
Just found the old list of patents out IP lawyers for Broadcast com were going to file but never got around to under Yahoo. Not saying they all would have been granted, but if you ever need prior art in this area, here you go lol. Potential https://t.co/VGxQbIXQEJ Patent
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Every response is "hospitals get more". We know this. That isn't the question. The question is - "at current rates" what is the patient flow and facilities access , for cash pay, Medicare and caid that allows you to make money ?
Has anyone published their detailed financials so we can see the realities and discuss them ?
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This is what I believe as well. Guarantee all payments, no underpayments , no deductible risk , no PAs . Being part of an all cash pay network that employers can quickly and easily sign up for , are you profitable at Medicare rates ?
@mcuban A lot of the reason for this is the expense associated with collecting the funds. If we eliminated a lot of the burden related with revenue cycle, physicians wouldn’t be upside down
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The question is , if the cash flow and costs associated with carriers were normalized ... PAs, deductible write offs, underpayment of contractual amounts ,etc , would that lead to smart hospitals eliminating facility fees , 340B abuse, site arbitrage ? And would it open the
@mcuban I am traveling at the moment but happy to provide them from a small private practices perspective…. Basically, hospital outpatient departments are given facility fees in conjunction with the professional fee… Over the last 30 years professional fees have stagnated and fallen
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Has anyone published their detailed financials so we can see the realities and discuss them ?
Saying that Medicare pays independent physicians barely a third of what it pays hospital outpatient departments—and that a Medicare patient is cost-neutral or even a loss for an independent practice—isn’t selfish or greedy. It’s a fact and an economic reality, many physicians
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What is needed is a national network of providers that will offer cash pay pricing around a single standardized contract to employers and a simple to understand price list for patients. Each can charge what they choose, as they do now. Employers will save money. Providers
American Health Insurance is legalized racketeering. It’s a scam American doctor calls the hospital to get self pay pricing for a patient for pregnancy care Hospital response: “If they're self-pay, they give them a package price which would include the delivery and all of the
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What has changed, and what Lina and most people don’t realize, is that fans use 3rd party apps to set the value of a ticket in real time. The risk by teams is that they don’t sell a ticket. It’s perishable. The hardest part of pricing recently , was ticket brokers and
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I had $2 tickets till people started calling them. 4000 tickets under $29. Every game. Why ? The value to me of a long term fan, along with the value to team performance of a full house screaming and yelling was more valuable. They call fans the 6th man for a reason.
This is just dumb and shows a failure to understand buyers. Assuming fans have a fixed total budget is a fallacy. If the stadium could charge more for tickets it would.
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Being dogmatic about approach to anything, usually fails. A lot.
@DutchRojas @mcuban @jocmy85 @DrDiGiorgio 💯 Markets, only markets, nothing but markets, can determine the right price. What’s a market? A democracy of collective wisdom of all market participants.
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@jocmy85 @DutchRojas @DrDiGiorgio I’m all for eliminating insurance companies that don’t take actual risk. I’m also for any taxpayer funding being used to guarantee payments from patients for actual care, after patient and employer contributions. And that money is paid directly to the provider , only if they
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The economics of health care are very simple. There are 3 questions: 1. What is the Price 2. Who Pays for It 3. Who Takes the Financial Risk When the Patient Can’t Pay We know that insurance companies don’t want to insure. That the real risk takers are the Re-Insurance
This is, unsurprisingly, nonsensical. Is he suggesting eliminating health insurance and giving people a few thousand dollars instead? And then when they get a cancer diagnosis they just go bankrupt? He is so unserious. That's why we are shut down and Americans know it.
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This is dumb. Really dumb. Really Really Dumb. Why? Because when you give it to Ins Carriers under the ACA, they have to spend at least 85pct of it on care for plan holders. When sent to people's HSAs, there is no assurance that the money will be spent on healthcare costs
Scoop: Ways & Means Rs are circulating a bill that would reflect Trump’s ideas to lower health care costs - redirecting insurance subsidies directly to peoples’ HSAs. Committee staff are currently prepping a presentation on health policy options. https://t.co/oD4xnROGgv
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Nothing says more about an industry than the number of companies in the industry that change their name
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@WallStreetApes As a Medicare broker, I just ran a 2026 PDP review for a client taking 6 meds—one of them 6×25mg Sildenafil/mo. On his Humana plan: $4,000 in copays. Without it: $300 total. On @mcuban CostPlus Drugs: s Sildenafil cost $6.26 for 30 pills. Medicare math, please explain. 🤯
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Your M4A plans has issues bernie. Goals is good. Particulars, not so much. 1. Everything is at the discretion of the sec of HHS. Including the drug formulary. And what is a medical necessity. How would that be working right now ? (p31) 2. Any provider can choose not to
Oh, Trump and the Republicans can’t stand how the big, bad insurance companies are ripping-off Americans. Really? Are you serious? Then I welcome your support for Medicare for All. Let’s end the greed of the insurance industry & make healthcare a human right, not a privilege.
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Was an NBA front office position ever a consideration for The GOAT @swish41? Find out in our very FIRST Haymaker Presents... Dirk Nowitzki. Click the link below to check out the full episode on YouTube and be sure to subscribe to never miss an episode. https://t.co/JnNArpvR8T
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@howcomesally @mcuban These reforms could slash patient out-of-pocket costs by billions through net pricing on deductibles and mandated cash-pay credits, boosting ACA enrollment and care utilization without ballooning premiums. Providers would see reduced bad debt via guaranteed Medicare-rate
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