Summary :
Mark Cuban’s new online pharmacy promises steep discounts on hundreds of prescription drugs, and for the most part, it’s delivering. Instead of negotiating prices through those pharmacy benefit managers, Cost Plus Drugs directly negotiates with manufacturers to get generic drugs at wholesale prices. Brand-name drugs make up a much smaller share of prescriptions than generic drugs, yet they accounted for nearly 80% of prescription drug expenditures in 2018. Their prices end up around 80% to 85% higher than those of generic drugs, according to the U.S. Food and Drug Administration.
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