Robert Besser
17 Jan 2023, 19:08 GMT+10
NEW YORK CITY, New York: Billionaire entrepreneur Mark Cuban's pharmaceuticals startup and pharmacy benefits manager RxPreferred Benefits has announced a partnership to offer lower priced drugs through employer-backed health insurance plans.
Mark Cuban Cost Plus Drugs, which offers generic drugs through direct contracts with manufacturers, charges a standard markup on individual drug sales.
RxPreferred Benefits' customers can use Mark Cuban Cost Plus Drugs as part of their health insurance plans under the partnership.
In a statement, Cuban said, "Our partnership with RxPreferred is another step in the direction of bringing transparency to healthcare and lowering drug costs for individuals and families across the country."
In December, Cost Plus Drugs also partnered with EmsanaRx, a nonprofit coalition of nearly 40 companies, including US retailers Walmart and Costco, which operates a PBM service for employers.
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