3min chapter

The Logan Bartlett Show cover image

EP 37: Mark Cuban Talks with Us About How He Succeeded, Advice for Young Entrepreneurs, Buying the Mavericks & Cost Plus Drugs

The Logan Bartlett Show

CHAPTER

What's the Design Goal of a Pharmacy Benefit Manager?

As of today it's probably 40 50 percent shark tank 30 percent um mavs and 20 percent cost plus drugs with cost plus drugs rising rapidly. As those pharmacy benefit managers were acquired into bigger organizations these kind of got away from the simplicity of design and started making it a very opaque industry. They'll say to the insurance company let me do the negotiation for pricingUm and i'll help you find the best drugs and i'll get you the best prices but then they go to the brand the the drug manufacturers and say look you know i can get this insurance big insurance company to add you to their formulary if you're not already but i need the best price okay no big

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