Mark Cuban, a star of "Shark Tank," is working to lower the cost of prescription medications.Mark Cuban has a goal in mind.
The "Shark Tank" entrepreneur and celebrity is committed to bringing down the cost of medicines so that everyone can afford them and patients whose insurance does not cover them completely or only partially can avoid financial catastrophe.
He is a shareholder in the internet pharmacy Cost Plus Drugs, which was established by Alexander Oshmyansky. The business offers affordable direct sales of prescription medications to customers.
According to the company's website, "Our social goal of enhancing public health is equally as vital as the bottom line.""We've developed a vertically integrated supply chain to charge a set markup on every drug we sell in a transparent manner."
In addition, it states that Cost Plus Drugs "fills and distributes prescriptions at our cost plus a fixed 15% margin."The disruptor Cuban
The reviews that abound on Cuban's Twitter account suggest that the public is in favor of his plan. Here are some recent examples:
"My allergy medications cost $6.60. Even with insurance, I would often spend $40 out of pocket for a similar service. Wonderful @mcuban @costplusdrugs, "On August 22, a Twitter user said.
Another user commented, "Decided to test @costplusdrugs this week because my new health insurance company @AnthemBCBS denied a prior auth that my doctor filled out for a $350 per month prescription I've been on for over a year and was approved by my previous insurance company." (ELV)
"I was able to get a coupon for the medication on @GoodRx, but it was still going to cost $110 per month at @cvspharmacy, and they wouldn't work with me to find a cheaper alternative. I even requested that @cvspharmacy match another pharmacy's discount on prices, but they steadfastly refused "The speaker went on. Get the CVS Health Corporation Report (CVS).
"Then I recalled that I joined @costplusdrugs after @mcuban made the announcement. I just ordered a $75 three-month supply of my medications, and I should receive it in a week."use of Cuban's image improperly
Due to his appearance on "Shark Tank" and his renovation of the Dallas Mavericks of the National Basketball Association, Cuban is already quite well known. Some users even beg Cuban, the pharmacy sector disruptor, to run for president in 2024.However, his popularity has brought with it drawbacks.
One is that some people are defrauding others on social media by leveraging Cuban's reputation and particularly his work in the pharmacy sector. For instance, someone is exploiting Cuban's image to entice people to buy a product marketed for men on Facebook.
In a photomontage, we observe a person holding a package of a bogus product who appears to be Cuban. The billionaire declared on August 21 that "it is false." "I receive a steady stream of emails from customers requesting explanations as to why they are double charged or why it isn't working for them.
The internet giant is specifically targeting Facebook (META) – Get Meta Platforms Inc. Report for enabling the spread of the scam despite it being against Facebook's content policy. American Express, (AXP) – Get American Express Company Report, is another company he criticizes. Because the con artists accept their cards as payment, Visa (V) – Get Visa Inc. Report and Mastercard (MA) – Get Mastercard Incorporated Report."Yet none of the claimed fraud protection companies—@Meta, @Mastercard, @Visa, or @AmericanExpress—will do a darn thing!"
When our brand is mentioned or purportedly made available to assist purchases, "the topic of spurious or fraudulent celebrity endorsements is something we frequently watch for," a Mastercard spokesman told TheStreet in an email statement.
"We look into any claims of possibly illegal or unlawful content being sold alongside our items in these situations, as well as any referrals or complaints of it. If the allegations are true, we act right away "said the representative.
An inquiry for comment was not immediately answered by American Express or Visa.
TheStreet's inquiries were not answered by Meta either.
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